Although, the bulls appear to lack follow-through, meeting supply just below the next hurdle at $1934, the Fibonacci 23.6% one-week.
Acceptance above the latter could call for a test of the major barrier at $1942, the intersection of the previous day high and SMA5 one-day.
The buyers will then fight hard to regain the robust resistance at $1945, where the SMA10 one-day and Fibonacci 38.2% one-week coincide.
To the downside, a failure to hold onto the $1929 level, the confluence of the Fibonacci 23.6% one-week and SMA5 four-hour, could open floors towards $1925 cushion. That level is the intersection of the previous day low and Bollinger Band one-hour Lower.


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