Pivot: 145.65
Our Preference: LONG position above 145.65 with 157.50 163.10 in sight.
Alternative scenario: Below 145.65 look for further weakness to 140.40.
Comment: the pair is basing above the 145.65 support area while the longer term bullish trend remains in force.
Trend: ST Consolidation; MT Bullish, we have been bullish since 12 SEP 2012 (124.57).
Key levels Comment
167.00** Horizontal resistance
163.10*** Horizontal resistance
157.50** Horizontal resistance
149.38 Last
145.65*** MT pivot point
140.40** Horizontal support
137.50*** Horizontal support
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