Pivot: 1.5940.
Our preference: LONG positions above 1.594 with 1.601 1.6045 in sight.
Alternative scenario: The downside penetration of 1.594 will call for 1.59 1.588.
Comment: the pair is trading in the middle of a Broadening Pattern. The 1.594 intermediary support maintains a slight bullish bias
Trend: ST Ltd Upside; MT Range
Key levels Comment
1.607** Fib retracement (50%)
1.6045** Intraday resistance
1.601* Intraday resistance
1.598 Last
1.594*** Intraday pivot point
1.59* Intraday support
1.588*** Intraday support
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