Pivot: 0.854
Our preference: Short positions below 0.854 with targets @ 0.847 0.842 in extension.
Alternative scenario: Above 0.854 look for further upside with 0.8615 0.865 as targets.
Comment: As long as the resistance at 0.854 is not surpassed, the risk of the break below 0.847 remains high. Prices are trading below the bearish channel resistance.
Supports and resistances:
0.865 **
0.8615 *
0.854 ***
0.8489 Last
0.847 *
0.842 *
0.837 *
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