Pivot: 136.1
Our preference: Long positions above 136.1 with targets @ 146 152 in extension.
Alternative scenario: Below 136.1 look for further downside with 131.1 127.95 as targets.
Comment: The RSI is mixed and calls for caution. The pair is challenging a key support area while both EUR/USD and USD/JPY remain in a bullish configuration. We are cautiously bullish above 136.10.
Supports and resistances:
156.4
152
146
138.2885 Last
136.1
131.1
127.95
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