The pair ticks higher in early Thursday’s trading and probes above the ceiling of four-day congestion, after downside attempts were repeatedly rejected.
Fresh attempts higher cracked 10SMA barrier (109.80) but so far unable to break higher.
Conflicting signals from daily techs keep near-term picture in mixed mode, while recovery attempts stay below falling 20SMA (109.90).
The pair is still lacking clearer direction signals, which will be generated on sustained break above 20SMA (bullish) or eventual break below pivotal support at 109.02 (13 May low) (bearish).
Res: 109.80, 109.90, 110.09, 110.31
Sup: 109.47, 109.15, 109.02, 108.50
