Pivot: 89.00
Our preference: SHORT positions below 89 with 86.3 85.6 in sight.
Alternative scenario: The upside breakout of 89 will open the way to 90.2 91.25.
Comment: the upward potential is likely to be limited by the resistance at 89.
Trend: ST Bearish; MT Range
Key levels Comment
91.25** Fib retracement (61.8%)
90.2** Fib retracement (50%)
89*** Intraday pivot point
88.01 Last
86.3* Intraday support
85.6** Intraday support
84.2** Fib projection
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