Pivot: 0.8460.
Our preference: SHORT positions below 0.846 with 0.8415 0.84 in sight.
Alternative scenario: The upside penetration of 0.846 will call for a rebound towards 0.849 0.851.
Comment: the pair is posting a rebound but stands below its resistance, the RSI stands around its neutrality area.
Trend: ST Consolidation; MT Bullish
Key levels Comment
0.851** Intraday resistance
0.849*** Intraday resistance
0.846** Intraday pivot point
0.8443 Last
0.8415*** Intraday support
0.84*** Intraday support
0.838** Intraday support
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