Pivot: 137.2
Our preference: Short positions below 137.2 with targets @ 136.7 136.5 in extension.
Alternative scenario: Above 137.2 look for further upside with 137.4 137.65 as targets.
Comment: Even though a continuation of the technical rebound cannot be ruled out, its extent should be limited. The pair is capped by its 50-period moving average and is trading in a bearish channel.
Supports and resistances:
137.65
137.4
137.2
137.0302 Last
136.7
136.5
136.3
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