Pivot: 0.78
Our preference: Short positions below 0.78 with targets @ 0.7715 0.763 in extension.
Alternative scenario: Above 0.78 look for further upside with 0.788 0.794 as targets.
Comment: The upward potential is likely to be limited by the resistance at 0.78. The pair stands below its resistance and remains under pressure.
Supports and resistances:
0.794 ***
0.788 ***
0.78 ***
0.7782 Last
0.7715 **
0.763 *
0.75 *
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