Pivot: 0.8350
Our preference: SHORT below 0.835 with targets @ 0.7900 0.7650.
Alternative scenario: Above 0.835 look for a new bounce towards 0.8675.
Comment: the pair has broken below the lower boundary of a bullish channel.
Trend: ST Ltd Downside; MT Range, we have been bearish since 29 MAY 2013 (0.8125).
Key levels Comment
0.8835*** Horizontal resistance
0.8675*** Horizontal resistance
0.835 *** MT pivot point
0.8125 Last
0.7900** Horizontal support
0.7650** Horizontal support
0.7450*** Horizontal support
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