Pivot: 1.6015.
Our preference: SHORT positions below 1.6015 with 1.591 1.588 in sight.
Alternative scenario: The upside penetration of 1.6015 will call for a rebound towards 1.6045 1.607.
Comment: the pair is trading in a 1.6015-1.591 trading range area.
Trend: ST Ltd Upside; MT Range
Key levels Comment
1.607** Intraday resistance
1.6045** Fib retracement (61.8%)
1.6015*** Intraday pivot point
1.5975 Last
1.591*** Intraday support
1.588** Intraday support
1.583** Intraday support
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