Pivot: 138.6
Our preference: Short positions below 138.6 with targets @ 137.85 137.65 in extension.
Alternative scenario: Above 138.6 look for further upside with 138.9 139.15 as targets.
Comment: The upward potential is likely to be limited by the resistance at 138.6. The pair is posting a rebound but stands below its resistance.
Supports and resistances:
139.15
138.9
138.6
138.45 Last
137.85
137.65
137.25
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