Pivot: 1.038
Our preference: Short positions below 1.038 with targets @ 1.031 1.029 in extension.
Alternative scenario: Above 1.038 look for further upside with 1.0415 1.045 as targets.
Comment: as long as 1.038 is resistance, look for choppy price action with a bearish bias.
Key levels
1.045
1.0415
1.038
1.03399 last
1.031
1.029
1.027
Copyright 1999 – 2013 TRADING CENTRAL