Pivot: 127.9
Our preference: Short @ 127.7 with targets @ 126.9 126.5 in extension.
Alternative scenario: Above 127.9 look for further upside with 128.45 129.2 as targets.
Comment: the pair is rebounding but remains within a bearish channel, the RSI lacks upward momentum.
Key levels
129.2
128.45
127.9
127.445 last
126.9
126.5
126.05
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