Pivot: 0.8845
Our Preference: LONG position above 0.8845 with targets @ 0.9510 and 0.9715.
Alternative Scenario: Below 0.8845, look for a downside correction to 0.8580 0.8325.
Comment: both the pair and the daily RSI have broken above a resistance turning the outlook bullish.
Trend: ST Ltd Upside; MT Bullish, we have been bullish since 12 SEP 2013 (0.9285).
Key levels Comment
0.9920*** Fib retracement (61.8%)
0.9715*** Fib retracement (50%)
0.9510*** Fib retracement (38.2%)
0.9348 Last
0.8845*** MT pivot point
0.8580** Horizontal support
0.8325** Horizontal support
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