Pivot: 1.1975
Our preference: Short positions below 1.1975 with targets @ 1.187 1.1835 in extension.
Alternative scenario: Above 1.1975 look for further upside with 1.2035 1.209 as targets.
Comment: As long as 1.1975 is resistance, look for choppy price action with a bearish bias. The pair stands below its resistance and remains under pressure.
Supports and resistances:
1.209 **
1.2035 **
1.1975 **
1.1945 Last
1.187 ***
1.1835 *
1.1775 *
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