Pivot: 1.368
Our preference: Long positions above 1.368 with targets @ 1.373 1.375 in extension.
Alternative scenario: Below 1.368 look for further downside with 1.3645 1.362 as targets.
Comment: The RSI calls for a new upleg. The pair is drawing a Reverse Head and Shoulders: a bullish reversal pattern. A break above 1.373 will open the way towards 1.38.
Supports and resistances:
1.3775
1.375
1.373
1.3704 Last
1.368
1.3645
1.362
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