Pivot: 1.618
Our preference: Short positions below 1.618 with targets @ 1.609 1.606 in extension.
Alternative scenario: Above 1.618 look for further upside with 1.622 1.6255 as targets.
Comment: As long as 1.618 is resistance, look for choppy price action with a bearish bias. The pair has struck against its resistance and remains under pressure.
Supports and resistances:
1.6255
1.622
1.618
1.6149 Last
1.609
1.606
1.602
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