Pivot: 1.028
Our preference: Long positions above 1.028 with targets @ 1.0335 1.0355 in extension.
Alternative scenario: Below 1.028 look for further downside with 1.023 1.018 as targets.
Comment: the RSI has just landed on a support around 30% and is reversing up. The pair is trading in a bullish channel.
Supports and resistances:
1.038
1.0355
1.0335
1.031 Last
1.028
1.023
1.018
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