Pivot: 1.1275
Our preference: Long positions above 1.1275 with targets @ 1.1315 1.134 in extension.
Alternative scenario: Below 1.1275 look for further downside with 1.125 1.122 as targets.
Comment: The RSI lacks downward momentum. The upside potential is likely to be limited to the bearish channel resistance currently around 1.1345.
Supports and resistances:
1.137
1.134
1.1315
1.1282 Last
1.1275
1.125
1.122
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