Pivot: 171.4
Our preference: Short positions below 171.4 with targets @ 170.55 170.2 in extension.
Alternative scenario: Above 171.4 look for further upside with 171.75 172.1 as targets.
Comment: As long as 171.4 is resistance, look for choppy price action with a bearish bias. The pair stands below its resistance and remains under pressure.
Supports and resistances:
172.1
171.75
171.4
171.04 Last
170.55
170.2
169.55
Copyright 1999 – 2014 TRADING CENTRAL