Pivot: 90.40
Our preference: SHORT positions below 90.4 with 88.05 87.3 in sight.
Alternative scenario: The upside penetration of 90.4 will call for a rebound towards 91.8 92.4.
Comment: as long as the resistance at 90.4 is not surpassed, the risk of the break below 88.05 remains high.
Trend: ST Ltd upside; MT Range
Key levels Comment
92.4** Fib retracement (61.8%)
91.8** Fib retracement (50%)
90.4** Intraday pivot point
89.27 Last
88.05* Intraday support
87.3** Intraday support
87** Intraday support
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