Pivot: 138.25
Our preference: Long positions above 138.25 with targets @ 138.7 138.85 in extension.
Alternative scenario: Below 138.25 look for further downside with 138.1 137.95 as targets.
Comment: The break above 138.25 is a positive signal that has opened a path to 138.7. The pair has broken above a bearish trend trend line and is supported by a rising one.
Supports and resistances:
139.1
138.85
138.7
138.3936 Last
138.25
138.1
137.95
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