Pivot: 1.3255.
Our preference: SHORT positions below 1.3255 with 1.316 1.3135 as next targets.
Alternative scenario: The upside penetration of 1.3255 will call for 1.33 1.337.
Comment: the pair has broken below its rising trend line and the RSI is capped by a bearish trend line.
Trend: ST Ltd Downside; MT Range
Key levels Comment
1.337** Fib projection
1.33** Intraday resistance
1.3255*** Intraday pivot point
1.3197 Last
1.316** Fib retracement (50%)
1.3135** Fib retracement (61.8%)
1.311** Intraday support
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