Pivot: 104.10
Our preference: SHORT positions below 104.1 with 102.3 100.85 as next targets.
Alternative scenario: The upside breakout of 104.1 will open the way to 105 105.6.
Comment: as long as the resistance at 104.1 is not surpassed, the risk of the break below 102.3 remains high.
Trend: ST Consolidation; MT Bullish
Key levels Comment
105.6** Fib retracement (50%)
105** Fib retracement (38.2%)
104.1** Intraday pivot point
103 Last
102.3** Intraday support
100.85** Intraday support
99.65** Intraday support
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