Pivot: 1.3495.
Our preference: SHORT positions @ 1.347 with 1.3415 1.339 in sight.
Alternative scenario: The upside penetration of 1.3495 will call for 1.353 1.3565.
Comment: the pair is trading in a bullish channel but intraday technical indicators and the strong 1.35 resistance area, are calling for a downturn.
Trend: ST Ltd Upside; MT Range
Key levels Comment
1.3565*** Horizontal resistance
1.353** Horizontal resistance
1.3495*** Intraday pivot point
1.3451 Last
1.3415* Intraday support
1.339** Intraday support
1.336*** Intraday support
Copyright 1999 – 2013 TRADING CENTRAL