Pivot: 1.40
Our preference: Short positions below 1.40 with targets @ 1.345 1.33 in extension.
Alternative scenario: Above 1.40 look for further upside with 1.4245 1.454 as targets.
Comment: The RSI is bearish and calls for further decline. The pair broke below its key rising trend line, which confirmed a bearish reversal.
Supports and resistances:
1.454
1.4245
1.4
1.362 Last
1.345
1.33
1.31
Copyright 1999 – 2014 TRADING CENTRAL