Pivot: 1.2890.
Our preference: SHORT positions below 1.289 with 1.279 1.2745 in sight.
Alternative scenario: The upside penetration of 1.289 will call for a rebound towards 1.293 1.2995.
Comment: the pair is capped by a declining trend line and stands below a former support area at 1.285, now acting as a resistance.
Trend: ST Ltd Downside; MT Range
Key levels Comment
1.2995*** Fib retracement (50%)
1.293** Intraday resistance
1.289*** Intraday pivot point
1.284 Last
1.279* Intraday support
1.2745** Intraday support
1.2695** Fib projection
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