The pair eases on Tuesday after Monday’s 0.6% rally (the biggest one-day rally since 30 Oct) was capped by pivotal Fibo barrier at 113.35 (Fibo 61.8% of 114.03/112.23 ber-leg).
Fresh bullish acceleration after strong downside rejections at 100SMA (112.23) keeps near-term bias with bulls, underpinned by thickening daily cloud, which contained multiple attacks.
Mixed daily techs lack clearer direction signal, with sustained break above 113.35 needed to signal extension of bull-leg from 112.23 double-bottom, towards targets at 113.61 (Fibo 76.4%) and 113.82 (03 Dec lower top), with key near-term barrier at 114.03 (28 Nov high) expected to come in focus.
Broken Fibo 38.2% barrier now marks solid support at 112.92 with extended dips to be contained above the top of widening daily cloud (112.70).
Res: 113.35, 113.65, 113.61, 113.82
Sup: 112.92, 112.70, 112.46, 112.23
