Pivot: 89.35
Our preference: SHORT positions below 89.35 with targets @ 87.8 86.6.
Alternative scenario: The upside penetration of 89.35 will call for 90.6 92.1.
Comment: as long as the resistance at 89.35 is not surpassed, the risk of the break below 87.8 remains high.
Trend: ST Bearish; MT Range
Key levels Comment
92.1** Fib retracement (61.8%)
90.6** Fib retracement (50%)
89.35*** Intraday pivot point
88.59 Last
87.8** Intraday support
86.6* Intraday support
85.9** Fib projection
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