Pivot: 1.71
Our preference: Long positions above 1.71 with targets @ 1.7165 1.718 in extension.
Alternative scenario: Below 1.71 look for further downside with 1.7055 1.7005 as targets.
Comment: A support base at 1.71 has formed and has allowed for a temporary stabilisation. The pair is expected to bounce off a bullish channel support.
Supports and resistances:
1.72
1.718
1.7165
1.7125 Last
1.71
1.7055
1.7005
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