Pivot: 1.0475
Our preference: Short positions below 1.0475 with targets @ 1.0435 1.042 in extension.
Alternative scenario: Above 1.0475 look for further upside with 1.05 1.0515 as targets.
Comment: the break below 1.0475 is a negative signal that has opened a path to 1.0435.
Key levels
1.0515
1.05
1.0475
1.04552 last
1.0435
1.042
1.037
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