Pivot: 0.8645.
Our preference: SHORT positions below 0.8645 with 0.8575 0.8555 as next targets.
Alternative scenario: The upside penetration of 0.8645 will call for a rebound towards 0.8675 0.871.
Comment: the pair has broken below a rising trend line and is now in a bearish channel.
Trend: ST Consolidation; MT Bullish
Key levels Comment
0.871** Intraday resistance
0.8675** Intraday resistance
0.8645*** Intraday pivot point
0.8622 Last
0.8575** Intraday support
0.8555** Intraday support
0.8525** Intraday support
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