Pivot: 1.3480.
Our preference: LONG positions above 1.348 with targets @ 1.3545 1.357.
Alternative scenario: The downside penetration of 1.348 will call for 1.3435 1.337.
Comment: intraday technical indicators lack momentum and the upside potential is likely to be limited .
Trend: ST Ltd Upside; MT Range
Key levels Comment
1.36** Intraday resistance
1.357** Intraday resistance
1.3545** Intraday resistance
1.3512 Last
1.348** Intraday pivot point
1.3435** Fib retracement (38.2%)
1.337*** Fib retracement (50%)
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