A 1.4500 barrier has been triggered but support in the 1.4485/95 area is holding so far. Stops are perched just below that level, as they have been below every support for 250 pips…
1.4456 is the 50% retracement of the 1.4156/1.4940 rally with further support at 1.4416, the uptrend line in place from the 1.2875 lows early this year.
Resistance is at 1.4585.90 on rallies near-term with more 1.4615.
