Pivot: 0.8510
Our Preference: SHORT below 0.8510 with 0.8220 0.8150 in sight.
Alternative Scenario: An upside breakout of 0.8510 would trigger a bounce towards 0.8640 initially.
Comment: the pair has broken below its support and remains under pressure.
Trend: ST Ltd Downside; MT Range, we have been bearish since 27 NOV 2013 (0.8334).
Key levels Comment
0.8770*** Horizontal resistance
0.8640** Horizontal resistance
0.8510** MT pivot point
0.8298 Last
0.8220** Horizontal support
0.8150*** Horizontal support
0.8030*** Horizontal support
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