Pivot: 0.8570
Our Preference: SHORT below 0.857 with 0.8280 0.8150 in sight.
Alternative Scenario: An upside breakout of 0.857 would trigger a bounce towards 0.864 initially.
Comment: the pair has broken below a channel lower boundary and below its support at 0.84.
Trend: ST Ltd Downside; MT Range, we have been bearish since 18 SEP 2013 (0.8361).
Key levels Comment
0.8770 *** Horizontal resistance
0.8640** Horizontal resistance
0.8570 ** MT pivot point
0.836 Last
0.8280** Horizontal support
0.8150*** Horizontal support
0.8035*** Horizontal support
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