Pivot: 1.0305
Our preference: Short positions below 1.0305 with targets @ 1.0195 1.014 in extension.
Alternative scenario: Above 1.0305 look for further upside with 1.038 1.042 as targets.
Comment: the downside breakout of the 1.0305 support area is a bearish signal. In addition, the RSI is capped by a declining trend line.
Key levels
1.042
1.038
1.0305
1.0267 last
1.0195
1.014
1.009
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