The pair extends larger rally on Monday and pressures key short-term resistance at 1.0037 (01 Nov peak) after generating bullish signal on weekly close above parity level.
Full reversal of 1.0037/0.9187 fall would open way for further retracement of larger 1.0343/0.9187 bear-phase and look for test of its Fibo 76.4% at 1.0070.
Daily MA’s are in full bullish setup but strongly overbought slow stochastic / RSI, with bearish divergence on slow stochastic and 14-d momentum turning south, warn of possible stall.
No firmer bearish signals being generated so far, but caution is required, as lower platform at 1.0037 marks significant barrier.
Rising 10SMA continues to track the ascend and marks initial support at 0.9925, while rising thick 4-hr cloud (0.9908/0.9818) underpins and marks next strong support zone.
Res: 1.0037, 1.0070, 1.0092, 1.0174
Sup: 1.0000, 0.9955, 0.9925, 0.9908
