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Alert - 15:45 (CET) - UsdTry
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The UsdTry is trading at 1.6769, ranging from 1.6758 and 1.7206. The current price is under yesterday's close at 1.6912. In the hourly graphics, the 20- and 50-day Exponential Mobile Averages (EMA) are over the 200-day EMA.
The resistances are being watched at 1.7185 (October 22nd high), 1.7500 and 1.7800. If the waters calm down, with a possibility of profit taking, the supports will be watched at 1.5037 (October 21st low), 1.3897 (October 14th low) and 1.2637 (October low).
Meanwhile, the pair is profit taking intrasession, given the high levels of overbuying, as the Relative Stregth Index (RSI) shows, at 77 points.
Checking the hourly graphics again, the current price is under the 100.00% (1.7207) and over the 61.80% (1.5017) Fibonacci retracement lines. The volatility per hour could reach 280 pips and the 60-minute Relative Strenght Index (RSI) is at 41 points, after being even more overbought.
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