Pivot: 1.3175.
Our preference: SHORT positions below 1.3175 with targets @ 1.3045 1.2995.
Alternative scenario: The upside penetration of 1.3175 will call for a rebound towards 1.3205 1.325.
Comment: as long as the resistance at 1.3175 is not surpassed, the risk of the break below 1.3045 remains high.
Trend: ST Ltd Downside; MT Range
Key levels Comment
1.325** Intraday resistance
1.3205* Previous high
1.3175*** Intraday pivot point
1.3134 Last
1.3045** Intraday support
1.2995** Intraday support
1.292** Fib retracement (61.8%)
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