Pivot: 111.15
Our preference: SHORT positions below 111.15 with targets @ 109.3 108.3.
Alternative scenario: The upside penetration of 111.15 will call for a rebound towards 112.2 114.
Comment: as long as the resistance at 111.15 is not surpassed, the risk of the break below 109.3 remains high.
Trend: ST Bullish; MT Bullish
Key levels Comment
114* Fib projection
112.2** Previous high
111.15** Intraday resistance
109.94 Last
109.3*** Intraday support
108.3** Fib retracement (61.8%)
107.4** Intraday support
Copyright 1999 – 2013 TRADING CENTRAL