Pivot: 1.04
Our preference: Short positions below 1.04 with targets @ 1.03 1.027 in extension.
Alternative scenario: Above 1.04 look for further upside with 1.045 1.0485 as targets.
Comment: As long as 1.04 is resistance, look for choppy price action with a bearish bias.
Supports and resistances:
1.0485
1.045
1.04
1.0368 Last
1.03
1.027
1.023
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