Pivot: 1.2835.
Our preference: LONG positions above 1.2835 with 1.293 1.2995 as next targets.
Alternative scenario: The downside breakout of 1.2835 will open the way to 1.279 1.2745.
Comment: the pair stands above its new support and is posting a rebound as the RSI is reversing up.
Trend: ST Ltd Downside; MT Range
Key levels Comment
1.3025*** Horizontal resistance
1.2995** Horizontal resistance
1.293*** Horizontal resistance
1.2866 Last
1.2835*** Intraday pivot point
1.279** Intraday support
1.2745** Intraday support
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