Pivot: 0.8465.
Our preference: SHORT positions below 0.8465 with 0.8415 0.84 as next targets.
Alternative scenario: The upside penetration of 0.8465 will call for 0.848 0.85.
Comment: the pair stands below its resistance at 0.8465 and remains under pressure while the RSI has broken below a rising trend line.
Trend: ST Consolidation; MT Bullish
Key levels Comment
0.85*** Intraday resistance
0.848** Intraday resistance
0.8465*** Intraday pivot point
0.845 Last
0.8415** Intraday support
0.84*** Intraday support
0.8375** Intraday support
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