Pivot: 0.8455.
Our preference: LONG positions above 0.8455 with 0.8505 0.8535 in sight.
Alternative scenario: The downside penetration of 0.8455 will call for 0.8435 0.842.
Comment: the pair stands above its support and should post a rebound as the RSI is reversing up.
Trend: ST Consolidation; MT Bullish
Key levels Comment
0.855** Intraday resistance
0.8535*** Intraday resistance
0.8505*** Intraday resistance
0.8471 Last
0.8455** Intraday pivot point
0.8435** Intraday support
0.842*** Intraday support
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