Rejection from 1.4760 high on Friday, found support at at 1.4505 low and the pair picked up on Asia, to accelerate on European session after breaking above the daily pivot -around 1.4645- rocketing to levels right below Friday's high, at 1.4760, under bullish pressure at the moment.
Above 1.4760/70 (Jun 10/2 high), the pair might find resistance at 1.4815 (intra-day level) and 1.4845. On the downside, support levels lie at 1.4555/65 (intra-day level/ Jun 7 high), and below here, 1.4505 (Jun 10/11 lows) and 1.4450/60 (intra-day levels).
On intra-day levels, the pair is biased to the upside, says, Stoyan Mihaylov, technical analyst at Deltastock.com, targeting 1.4760 and 1.5050: "The sell-off from 1.4759 bottomed above 1.4490 support and we believe, that it was the third part of the consolidation pattern below 1.4780. The intraday bias is positive for 1.4780, en route to 1.5050 resistance area. Crucial on the downside is 1.4620 support."
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