Pivot: 1.3050.
Our preference: SHORT positions below 1.305 with 1.2995 1.297 as next targets.
Alternative scenario: The upside penetration of 1.305 will call for 1.3085 1.313.
Comment: the pair is posting a rebound but stands below its new resistance, the RSI lacks upward momentum.
Trend: ST Ltd Downside; MT Range
Key levels Comment
1.313*** Horizontal resistance
1.3085** Horizontal resistance
1.305*** Intraday pivot point
1.3037 Last
1.2995*** Intraday support
1.297** Intraday support
1.2945** Intraday support
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