Pivot: 1.2800
Our Preference: LONG position above 1.28 with 1.35 1.3710 in sight.
Alternative Scenario: Below 1.28 down move to 1.2650 1.2450.
Comment: the pair has rebounded and is breaking above its resistance, the RSI is well directed.
Trend: ST Ltd Upside; MT Range, we have been bullish since 12 JUN 2013 (1.3275).
Key levels Comment
1.3850 ** Horizontal resistance
1.3710 *** Horizontal resistance
1.3500 ** Horizontal resistance
1.331 Last
1.2800 ** MT pivot point
1.2650 *** Horizontal support
1.2450 ** Horizontal support
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