The short-term structure remains positive (above the main moving averages), but the actual breakout of the $1.62 level has not yet occurred, and there are signs of momentum exhaustion. The short-term trend is leaning toward consolidation, awaiting the breakout point.
Key support and resistance
· Support: $1.44 – $1.45 (EMA accumulation zone, the crucial line of defense); below that $1.29