Pivot: 1.122
Our preference: Long positions above 1.122 with targets @ 1.1275 1.13 in extension.
Alternative scenario: Below 1.122 look for further downside with 1.1145 1.111 as targets.
Comment: the RSI is mixed with a bullish bias. The ascending 50-period moving average maintains a bullish bias.
Supports and resistances:
1.135
1.13
1.1275
1.1248 Last
1.122
1.1145
1.111
Copyright 1999 – 2014 TRADING CENTRAL