Pivot: 1.5525.
Our preference: LONG positions above 1.5525 with targets @ 1.5605 1.5635.
Alternative scenario: The downside penetration of 1.5525 will call for a slide towards 1.55 1.546.
Comment: the pair stands above its support and remains on the upside as the RSI is supported by a rising trend line.
Trend: ST Ltd Downside; MT Bearish
Key levels Comment
1.5655*** Intraday resistance
1.5635** Intraday resistance
1.5605*** Intraday resistance
1.5553 Last
1.5525*** Intraday pivot point
1.55** Intraday support
1.546*** Intraday support
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