Pivot: 1.3310
Our Preference: SHORT position below 1.3310 with 1.2650 1.25 in sight.
Alternative Scenario: Above 1.3310 up move to 1.35 1.3710.
Comment: the pair has broken below a rising trend line and should face further weakness as the RSI is badly directed.
Trend: ST Ltd Downside; MT Range, we have been bearish since 13 MAR 2013 (1.297).
Key levels Comment
1.3710 *** Horizontal resistance
1.3500 ** Horizontal resistance
1.3310 *** MT pivot point
1.2833 Last
1.2650 *** Horizontal support
1.2500 ** Horizontal support
1.2250 *** Horizontal support
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