Pivot: 0.8400
Our Preference: LONG above 0.84 with targets @ 0.8590 0.87.
Alternative Scenario: Below 0.84 aim @ 0.8340.
Comment: the pair has broken above a key declining trend line which has been in place since March 2013.
Trend: ST Ltd Downside; MT Range, we have been bullish since 19 DEC 2012 (0.8157).
Key levels Comment
0.8830 *** Horizontal resistance
0.8700 ** Horizontal resistance
0.8590 *** Horizontal resistance
0.8455 Last
0.8400*** MT pivot point
0.8340** Horizontal support
0.8225*** Horizontal support
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