Pivot: 1.117
Our preference: Short positions below 1.117 with targets @ 1.1055 1.1 in extension.
Alternative scenario: Above 1.117 look for further upside with 1.123 1.1285 as targets.
Comment: The RSI has struck against a major resistance around 70% and is reversing down. This morning opening gap at 1.116 is expected to offer strong resistance.
Supports and resistances:
1.1285 **
1.123 **
1.117 ***
1.1111 Last
1.1055 *
1.1 **
1.095 *
Copyright 1999 – 2015 TRADING CENTRAL