Pivot: 0.838
Our preference: Short positions below 0.838 with targets @ 0.833 0.831 in extension.
Alternative scenario: Above 0.838 look for further upside with 0.8425 0.846 as targets.
Comment: the break below 0.838 is a negative signal that has opened a path to 0.833. However, the downside potential is likely to be limited to the 0.831 support area: horizontal level and rising trend line.
Supports and resistances:
0.846
0.8425
0.838
0.8358 Last
0.833
0.831
0.8285
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