Pivot: 1.6015.
Our preference: LONG positions above 1.6015 with 1.611 1.6165 as next targets.
Alternative scenario: The downside penetration of 1.6015 will call for a slide towards 1.598 1.5955.
Comment: the pair remains on the upside and is approaching its resistance.
Trend: ST Ltd Upside; MT Range
Key levels Comment
1.622** Intraday resistance
1.6165*** Intraday resistance
1.611*** Intraday resistance
1.6074 Last
1.6015*** Intraday pivot point
1.598** Intraday support
1.5955*** Intraday support
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