Pivot: 1.6160.
Our preference: LONG positions above 1.616 with targets @ 1.624 1.6275.
Alternative scenario: The downside penetration of 1.616 will call for 1.613 1.61.
Comment: the pair remains on the upside and is challenging its resistance.
Trend: ST Ltd Upside; MT Range
Key levels Comment
1.63** Intraday resistance
1.6275** Intraday resistance
1.624*** Intraday resistance
1.622 Last
1.616*** Intraday pivot point
1.613*** Intraday support
1.61*** Intraday support
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