Pivot: 1.3415
Our Preference: SHORT position below 1.3415 with 1.2650 1.24 in sight.
Alternative Scenario: Above 1.3415 up move to 1.355 1.371.
Comment: the pair is capped by a declining trend line in place since June 2011.
Trend: ST Ltd Downside; MT Range, we have been bearish since 2 JUL 2013 (1.3015).
Key levels Comment
1.3710 *** Horizontal resistance
1.3550 ** Horizontal resistance
1.3415 *** MT pivot point
1.3132 Last
1.2650 *** Horizontal support
1.2400 ** Horizontal support
1.2150 *** Horizontal support
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