Pivot: 1.3055.
Our preference: SHORT positions below 1.3055 with 1.3 1.298 in sight.
Alternative scenario: The upside penetration of 1.3055 will call for a rebound towards 1.31 1.315.
Comment: the pair is posting a rebound but stands below its resistance, the RSI lacks upward momentum.
Trend: ST Ltd Upside; MT Range
Key levels Comment
1.315*** Intraday resistance
1.31*** Intraday resistance
1.3055*** Intraday pivot point
1.3042 Last
1.3*** Intraday support
1.298*** Intraday support
1.295** Intraday support
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