Pivot: 0.9280
Our Preference: LONG position above 0.9280 with targets @ 0.9760 and 0.9920.
Alternative Scenario: Below 0.9280, look for a downside correction to 0.916 0.8845.
Comment: the pair is rebounding on its support as the RSI is turning up.
Trend: ST Ltd Upside; MT Bullish, we have been bullish since 12 SEP 2013 (0.9285).
Key levels Comment
1.0160** Horizontal resistance
0.9920*** Fib retracement (61.8%)
0.9760*** Fib retracement (50%)
0.9445
0.9280*** MT pivot point
0.9160** Fib retracement (61.8%)
0.8845*** Horizontal support
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