Pivot: 1.587
Our preference: Long positions above 1.587 with targets @ 1.667 1.704 in extension.
Alternative scenario: Below 1.587 look for further downside with 1.56 1.54 as targets.
Comment: the pair is currently drawing a pullback towards a former key declining trend line drawn from 2009 top.
Supports and resistances:
1.74
1.704
1.667
1.6397 Last
1.587
1.56
1.54
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