Pivot: 1.2835.
Our preference: LONG positions above 1.2835 with targets @ 1.29 1.293.
Alternative scenario: The downside penetration of 1.2835 will call for a slide towards 1.279 1.2745.
Comment: the pair has broken above an intraday declining trend line.
Trend: ST Ltd Downside; MT Range
Key levels Comment
1.2995*** Fib retracement (50%)
1.293** Intraday resistance
1.29** Intraday resistance
1.2856 Last
1.2835*** Intraday pivot point
1.279** Intraday support
1.2745** Intraday support
Copyright 1999 – 2013 TRADING CENTRAL