Pivot: 1.2960.
Our preference: LONG positions above 1.296 with 1.306 1.311 as next targets.
Alternative scenario: The downside penetration of 1.296 will call for a slide towards 1.293 1.29.
Comment: the pair is rebounding and is breaking above its resistance, the RSI is well directed.
Trend: ST Ltd Downside; MT Range
Key levels Comment
1.314*** Horizontal resistance
1.311** Horizontal resistance
1.306*** Horizontal resistance
1.3007 Last
1.296*** Intraday pivot point
1.293** Intraday support
1.29** Intraday support
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