Pivot: 1.2465
Our preference: Long positions above 1.2465 with targets @ 1.2575 1.2605 in extension.
Alternative scenario: Below 1.2465 look for further downside with 1.243 1.2395 as targets.
Comment: A support base at 1.2465 has formed and has allowed for a temporary stabilisation. The pair has broken above the upper boundary of a bearish channel and remains on the upside.
Supports and resistances:
1.2645 ***
1.2605 ***
1.2575 ***
1.2493 Last
1.2465 ***
1.243 **
1.2395 **
Copyright 1999 – 2015 TRADING CENTRAL