Pivot: 1.488
Our preference: Long positions above 1.488 with targets @ 1.4985 1.505 in extension.
Alternative scenario: Below 1.488 look for further downside with 1.48 1.475 as targets.
Comment: A support base at 1.488 has formed and has allowed for a temporary stabilisation. The pair is facing a pull back on its support.
Supports and resistances:
1.51 **
1.505 **
1.4985 **
1.4901 Last
1.488 ***
1.48 **
1.475 ***
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