- Copper has been rejected at 50-DMA and has edged lower to currently hovers around minor support by 5-DMA at 2.6550.
- We see the pair trading in a downward sloping channel, and break below 5-DMA adds downside.
- We have evidenced a bearish RSI divergence which keeps downside bias intact.
- Momentum studies are neutral, break above major resistance at 2.675 (trendline and 50-DMA) could see test of 2.767 (Mar 1 high).
- On the flipside break below 100-DMA could see scope for test of 2.485 (trendline support).
Support levels - 2.6550 (5-DMA), 2.6358 (cloud base), 2.6232 (100-DMA), 2.485 (trendline)
Resistance levels - 2.6752 (50-DMA), 2.686 (March 29 high), 2.70, 2.7151 (cloud top)
Recommendation: Good to go short on rallies around 2.680, SL: 2.720, TP: 2.635/ 2.620/ 2.590/ 2.560


EUR/USD Rockets Past 1.1560 as Soft U.S. Jobs Data Fuel Fed Rate-Cut Surge
FxWirePro- Major Pair levels and bias summary
FxWirePro- Major Pair levels and bias summary
DAX & CAC40 Score Perfect 100: Extremely Bullish With Major Levels to Watch as FTSE100 Hits 80
AUDJPY Bears Poised: Sell Rallies at 111.55 for 108 Target with 112.20 Stop
FxWirePro- Major Crypto levels and bias summary
FxWirePro: AUD/USD eases as investors await U.S. employment figures
FxWirePro: NZD/USD retreats as Middle East instability weighs
EURGBP Bears Break Trendline: Sell Rallies at 0.8578 as Support Breach Eyes 0.8450 Slide
FxWirePro: USD/CNY slips as strong China exports data Lift yuan
FxWirePro: GBP/AUD eases slightly, focus on near-term support
FxWirePro : EUR/NZD holding below 38.2% fibo ahead of US data
FxWirePro : EUR/NZD slips lower after soft US jobs report
FxWirePro : USD/CAD falls as strong Canadian jobs data lifts loonie
FxWirePro: USD/ZAR gains some ground, but downtrend remains 



