Pivot: 1.2900.
Our preference: LONG positions @ 1.291 with 1.2955 1.2995 in sight.
Alternative scenario: The downside penetration of 1.29 will call for 1.2865 1.282.
Comment: the pair stands above its support and should post a rebound as the RSI is reversing up.
Trend: ST Ltd Downside; MT Range
Key levels Comment
1.3025** Intraday resistance
1.2995*** Intraday resistance
1.2955*** Intraday resistance
1.2924 Last
1.29*** Intraday pivot point
1.2865** Intraday support
1.282*** Intraday support
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