Pivot: 94.50
Our preference: SHORT positions below 94.5 with 92.9 92.05 as next targets.
Alternative scenario: The upside penetration of 94.5 will call for a rebound towards 95.2 95.65.
Comment: the immediate trend remains down and the momentum is strong.
Trend: ST Range; MT Range
Key levels Comment
95.65** Intraday resistance
95.2** Intraday resistance
94.5*** Intraday pivot point
93.19 Last
92.9** Fib retracement (38.2%)
92.05** Intraday support
90.2** Intraday support
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