Pivot: 1.6050.
Our preference: LONG positions above 1.605 with 1.6125 1.6165 in sight.
Alternative scenario: The downside breakout of 1.605 will open the way to 1.6 1.5975.
Comment: the pair is facing a pull back on its support ahead of a rebound.
Trend: ST Ltd Upside; MT Range
Key levels Comment
1.62*** Intraday resistance
1.6165** Intraday resistance
1.6125*** Intraday resistance
1.6064 Last
1.605** Intraday pivot point
1.6*** Intraday support
1.5975** Intraday support
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