The following is paraphrased from Danske Bank:
Held firm at the 1.1000 level last Fri and keep bears is check. However, the downside remains vulnerable and see risk for break to expose 1.0971 then 1.0913, Jun lows. Resistance now at the 1.1093/1.1120 area and lift over this needed to ease downside pressure and expose the 1.1186 high to retest.
Staging recovery from the 1.0794 low and keep ranging action in play mostly within the 1.0900/1.0800 area. Would need lift over the 1.0900 level and the 200-day MA at 1.0920 to trigger stronger recovery. Support at the 1.0794/77 area seen protecting the downside.
Break above the .9837 resistance saw extension to the .9859/87 resistance area. Would need to clear this to return focus to the .9900 level then the .9956, May high. Support now at the .9806/00 area and .9740. Only break of the latter will weaken and expose lower support at .9685.
Intraday trade tight in short-term consolidation and so long recovery strength does not take out the 1.3120 resistance, risk stays on the downside with break of 1.2798 support to open downside to 1.2690 ahead of 1.2595.
Higher in consolidation above the 100.00 level as mkt unwinds the stretched intraday tools. However, the upside likely limited and bounce see resistance now at the 101.28/45 area. Would need lift over the latter to clear the way to the 102.00 level and 102.45 resistance.
Settled back in consolidation from the .8627 high with the downside checked at .8491 low so far. More ranging action seen for now to consolidate the strong rally from .7602, Jun low. Break of .8491 support will allow for deeper pullback to .8454 then the .8406/.8380 area.