Pivot: 1.3160.
Our preference: LONG positions above 1.316 with 1.325 1.33 as next targets.
Alternative scenario: The downside penetration of 1.316 will call for 1.31 1.3065.
Comment: a support base at 1.316 has formed and has allowed for a temporary stabilisation.
Trend: ST Ltd Downside; MT Range
Key levels Comment
1.337** Fib projection
1.33** Intraday resistance
1.325* Intraday resistance
1.3182 Last
1.316*** Intraday pivot point
1.31** Intraday support
1.3065** Intraday support
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