Pivot: 1.588
Our preference: Long positions above 1.588 with targets @ 1.601 1.6045 in extension.
Alternative scenario: Below 1.588 look for further downside with 1.5795 1.577 as targets.
Comment: the pair is expected to bounce off it Broadening Formation lower boundary.
Key levels
1.607
1.6045
1.601
1.5918 last
1.588
1.5795
1.577
Copyright 1999 – 2013 TRADING CENTRAL