Pivot: 0.902
Our preference: Short positions below 0.902 with targets @ 0.8935 0.891 in extension.
Alternative scenario: Above 0.902 look for further upside with 0.905 0.908 as targets.
Comment: the RSI is mixed and calls for caution. Indeed, the indicator is posting a bullish divergence but remains capped by a declining trend line. The bearish channel upper boundary around 0.902 still maintains a bearish bias.
Supports and resistances:
0.908
0.905
0.902
0.8966 Last
0.8935
0.891
0.8885
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