Pivot: 0.7875
Our preference: Short positions below 0.7875 with targets @ 0.78 0.776 in extension.
Alternative scenario: Above 0.7875 look for further upside with 0.7915 0.7975 as targets.
Comment: Even though a continuation of the technical rebound cannot be ruled out, its extent should be limited.
Supports and resistances:
0.7975
0.7915
0.7875
0.7841 Last
0.78
0.776
0.7705
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