Pivot: 1.6025.
Our preference: SHORT positions below 1.6025 with targets @ 1.598 1.5945.
Alternative scenario: The upside penetration of 1.6025 will call for a rebound towards 1.6055 1.6115.
Comment: the pair is rebounding but stands below its resistance.
Trend: ST Ltd Upside; MT Range
Key levels Comment
1.6115*** Intraday resistance
1.6055** Intraday resistance
1.6025*** Intraday pivot point
1.6013 Last
1.598*** Intraday support
1.5945*** Intraday support
1.5915** Intraday support
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