Forex

On the hour chart the descending triangle remains. At the auctions on Tuesday level of support 160.00 which and has not been break on August, 26th has repeatedly been tested. We will remind that this level was already tested before August, 21st.

Nevertheless, in the market the bear moods at the given cross rates remain, on what sliding averages 34 and 55 directed downwards, and as histogram MACD located in a negative zone specify. Breakdown of level 160 can strengthen considerably the bear moods, in that case the purposes will be located on 159.30/00 and 158.30.  

Resistance levels: 160.70, 161.00, 161.40, 161.70, 162.00 162.30/40, 162.60, 163.00  

Current price: 160.38   

Support levels: 160.10/00, 159.80, 159.40, 159.00 158.40/30, 158.00