Pivot: 1.3750.
Our Preference: SHORT positions @ 1.374 with 1.362 & 1.355 as next targets.
Alternative scenario: The upside breakout of 1.375 will open the way to 1.378 & 1.382.
Comment: the pair has broken below its MT rising trend line and should face a further weakness towards its next support.
Trend: ST Ltd Downside; MT Range
Key levels Comment
1.382** Intraday resistance
1.378** Intraday resistance
1.375** Intraday pivot point
1.3678 Last
1.362** Intraday support
1.355*** Intraday support
1.35** Intraday support
Our Preference: SHORT positions @ 1.374 with 1.362 & 1.355 as next targets.
Alternative scenario: The upside breakout of 1.375 will open the way to 1.378 & 1.382.
Comment: the pair has broken below its MT rising trend line and should face a further weakness towards its next support.
Trend: ST Ltd Downside; MT Range
Key levels Comment
1.382** Intraday resistance
1.378** Intraday resistance
1.375** Intraday pivot point
1.3678 Last
1.362** Intraday support
1.355*** Intraday support
1.35** Intraday support
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