Pivot: 0.783
Our preference: Short positions below 0.783 with targets @ 0.7785 0.777 in extension.
Alternative scenario: Above 0.783 look for further upside with 0.7855 0.7875 as targets.
Comment: As long as 0.783 is resistance, look for choppy price action with a bearish bias. The pair stands below its resistance and remains under pressure.
Supports and resistances:
0.7875 ***
0.7855 ***
0.783 ***
0.7812 Last
0.7785 **
0.777 ***
0.7745 ***
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