Pivot: 97.40
Our preference: SHORT positions below 97.4 with targets @ 96 95.5.
Alternative scenario: The upside penetration of 97.4 will call for a rebound towards 97.85 98.8.
Comment: as long as 97.4 is resistance, likely decline to 96.
Trend: ST Ltd downside; MT Range
Key levels Comment
98.8** Intraday resistance
97.85** Intraday resistance
97.4*** Intraday pivot point
96.54 Last
96*** Intraday support
95.5** Intraday support
94.55** Horizontal support
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