Pivot: 1.2000
Our Preference: LONG above 1.2000 with 1.24 1.2565 in sight.
Alternative Scenario: Below 1.2000 look for further weakness to 1.19.
Comment: the pair has struck against its resistance and is facing a pull back ahead of further advance.
Trend: ST Ltd Upside; MT Bullish, we have been bullish since 7 SEP 2011 (1.2049).
Key levels Comment
1.2750 ** Horizontal resistance
1.2565 *** Horizontal resistance
1.2400 *** Horizontal resistance
1.2155 Last
1.2000*** MT pivot point
1.1900** Horizontal support
1.1800** Horizontal support
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