Pivot: 1.3250.
Our preference: LONG positions above 1.325 with targets @ 1.33 1.337.
Alternative scenario: The downside penetration of 1.325 will call for a slide towards 1.3175 1.315.
Comment: the upside breakout of 1.325 maintains a bullish bias while the pair is trading in a Broadening Formation.
Trend: ST Ltd Downside; MT Range
Key levels Comment
1.3415*** Horizontal resistance
1.337** Fib projection
1.33** Intraday resistance
1.3276 Last
1.325*** Intraday pivot point
1.3175** Fib retracement (50%)
1.315** Fib retracement (61.8%)
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