Today, February 2nd, market participants will pay attention to January's data on the ISM manufacturing index in the USA (17:00,GMT 2) and January's data on construction spending.
The MACD histogram is in the negative zone on a H4 chart, its volumes are increasing, confirming a further downward movement. Bollinger bands are not producing any clear signals. The downward movement is limited by a support level of 117.25 which sellers have not been able to overcome for almost 2 weeks.
Resistance levels: 117.70, 117.90, 118.25, 118.50.
Support levels: 117.25, 116.90, 116.60.
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