Pivot: 1.3415
Our Preference: SHORT position below 1.3415 with 1.2990 in sight. A downside breakout of 1.2990 would trigger a bearish acceleration towards 1.2750.
Alternative Scenario: Above 1.3415 up move to 1.355 1.371.
Comment: the pair has struck against its resistance and remains under pressure.
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
1.335 Last
1.2990 *** Horizontal support
1.2750 *** Horizontal support
1.2400 ** Horizontal support
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