Pivot: 1.2825.
Our preference: LONG positions above 1.2825 with targets @ 1.29 1.2935.
Alternative scenario: The downside penetration of 1.2825 will call for 1.279 1.2745.
Comment: the pair is rebounding and is breaking above its resistance, the RSI is well directed.
Trend: ST Ltd Downside; MT Range
Key levels Comment
1.2965** Intraday resistance
1.2935*** Intraday resistance
1.29*** Intraday resistance
1.2882 Last
1.2825*** Intraday pivot point
1.279*** Intraday support
1.2745** Intraday support
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