Pivot: 1.5325
Our preference: Short positions below 1.5325 with targets @ 1.525 1.52 in extension.
Alternative scenario: Above 1.5325 look for further upside with 1.5345 1.538 as targets.
Comment: The index currently faces a challenging resistance area at 1.5325. Prices are trading within a declining channel.
Supports and resistances:
1.538 ***
1.5345 ***
1.5325 ***
1.5318 Last
1.525 ***
1.52 **
1.514 ***
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