Resistance 3: $1.5550
Resistance 2: $1.5250
Resistance 1: $1.5070
Current price: $1.4967
Support 1: $1.4940
Support 2: $1.4880
Support 3: $1.4650
Comments: Bounce off the daily Bollinger band base now leaves risk of further
squeeze higher to $1.5230/50 -- resistance line from October 30 and 50% of
the fall from $1.5870. Initial resistance is at $1.5070, which is the
23.6% of $1.6668 to $1.4567 move and break above here is seen as the
upside trigger for bulls. Initial support is at session's low $1.4940,
at $1.4880 (50% of the resent rebound) and $1.4650 below. Last week's
low at $1.4560 and lower bound of the falling channel at $1.4440
remain the distant targets.