Pivot: 1.3255
Our preference: Short positions below 1.3255 with targets @ 1.316 1.3135 in extension.
Alternative scenario: Above 1.3255 look for further upside with 1.33 1.337 as targets.
Comment: the pair has broken below a rising trend line but failed to accelerate on the downside (this calls for caution). However, the RSI capped by a declining trend line maintains a downside pressure.
Key levels
1.337
1.33
1.3255
1.32314 last
1.316
1.3135
1.311
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