Pivot: 0.8505.
Our preference: LONG positions above 0.8505 with 0.855 0.8565 in sight.
Alternative scenario: The downside breakout of 0.8505 will open the way to 0.8485 0.846.
Comment: the pair has broken above a declining trend line and remains on the upside.
Trend: ST Consolidation; MT Bullish
Key levels Comment
0.8585** Intraday resistance
0.8565** Intraday resistance
0.855** Intraday resistance
0.8532 Last
0.8505*** Intraday pivot point
0.8485** Intraday support
0.846*** Intraday support
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