Pivot: 1.6290.
Our preference: LONG positions @ 1.631 with targets @ 1.639 1.644.
Alternative scenario: The downside penetration of 1.629 will call for a slide towards 1.625 1.6215.
Comment: the pair stands above its support as the RSI is supported by a rising trend line.
Trend: ST Ltd Upside; MT Range
Key levels Comment
1.65** Intraday resistance
1.644*** Intraday resistance
1.639*** Intraday resistance
1.6349 Last
1.629*** Intraday pivot point
1.625** Intraday support
1.6215** Intraday support
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