Pivot: 0.8905
Our preference: Long positions above 0.8905 with targets @ 0.901 0.9075 in extension.
Alternative scenario: Below 0.8905 look for further downside with 0.8845 0.881 as targets.
Comment: the pair is drawing a consolidation in a downward sloping channel above a former bearish channel resistance (now acting as a support area).
Key levels
0.912
0.9075
0.901
0.8962 last
0.8905
0.8845
0.881
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