Pivot: 1.038
Our preference: Short positions below 1.038 with targets @ 1.0285 1.0265 in extension.
Alternative scenario: Above 1.038 look for further upside with 1.04 1.042 as targets.
Comment: the pair has broken below its rising trend line and remains under pressure.
Key levels
1.042
1.04
1.038
1.03164 last
1.0285
1.0265
1.0245
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