Pivot: 0.8425.
Our preference: SHORT positions below 0.8425 with 0.836 0.833 as next targets.
Alternative scenario: The upside penetration of 0.8425 will call for a rebound towards 0.845 0.848.
Comment: the pair is rebounding but stands below its resistance.
Trend: ST Ltd Downside; MT Range
Key levels Comment
0.848*** Intraday resistance
0.845** Intraday resistance
0.8425** Intraday pivot point
0.8409 Last
0.836*** Intraday support
0.833*** Intraday support
0.83** Intraday support
Copyright 1999 – 2013 TRADING CENTRAL