Pivot: 1.117
Our preference: Long positions above 1.117 with targets @ 1.1255 1.1295 in extension.
Alternative scenario: Below 1.117 look for further downside with 1.1125 1.1075 as targets.
Comment: The break above 1.117 is a positive signal that has opened a path to 1.1255. The ascending 50-period moving average is acting as a trailing stop.
Supports and resistances:
1.135
1.1295
1.1255
1.1198 Last
1.117
1.1125
1.1075
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