rebounded from the intraday lows managed to close above 100Dema after the surprising jobs
data report. In the week ending May 30, seasonally adjusted initial jobless claims hit 276,000, printing a decrease of 8,000 against the previous week's revised level.
The USD dominated against
the majors at yesterday's session.
probably made a double bottom at 94.65 in the four-hour chart. The resistance
is seen at 95.90 and 96.05. Buying will emerge above 96.10 with targets at 96.25,96.50-96.65. The
strong resistance zone is seen between 96.65 and 96.75 (previous swing low). If
bulls close above 96.75 today, they will extend the rally towards multi-day resistance at 97.80. A daily close below 95.00 leads to another leg down towards 94.00
and 93.15. Today, bulls must close above 96.25. In case they fail, we will see a new low
of 92.00 in the days to come. In the
hourly chart, the Index managed to breached the falling bearish channel. The upper descending trendline is acting as support now. Intraday
support is found at 95.50 and 95.30.
extended its bullish note at yesterday's session with the double bottom placed
at 123.78 (a higher high). The pair opened on a bullish note today. In the
hourly chart, the pair gave a break of descending triangle. The trading pattern
is framed between 124.68 and 123.76. Intraday resistance is seen at 124.70,
124.95, and 125.05. Support is found at
124.20, 124.00, and 123.65. Fresh buying is available above 124.70 with small
targets at 124.90 and 125.05. In case bulls sustain above 124.90, they will extend
the rally towards 125.30. Risky selling is available below 123.90 with targets at 123.75 and 123.65. Safe selling is available below 123.60 towards 123.35, 123.00,
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