Pivot: 1.048
Our preference: Short positions below 1.048 with targets @ 1.0415 1.0395 in extension.
Alternative scenario: Above 1.048 look for further upside with 1.0505 1.0545 as targets.
Comment: Even though a continuation of the technical rebound cannot be ruled out, its extent should be limited.
Supports and resistances:
1.0545
1.0505
1.048
1.0463 Last
1.0415
1.0395
1.0375
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