Pivot: 0.8675
Our preference: Long positions above 0.8675 with targets @ 0.8795 0.885 in extension.
Alternative scenario: Below 0.8675 look for further downside with 0.859 0.8535 as targets.
Comment: Even though a continuation of the technical rebound cannot be ruled out, its extent should be limited. Prices are trading in the middle of a bullish channel.
Supports and resistances:
0.89
0.885
0.8795
0.8762 Last
0.8675
0.859
0.8535
Copyright 1999 – 2014 TRADING CENTRAL