Pivot: 1.05
Our preference: Short positions below 1.05 with targets @ 1.042 1.039 in extension.
Alternative scenario: Above 1.05 look for further upside with 1.0555 1.061 as targets.
Comment: the pair is posting a rebound but stands below its resistance.
Key levels
1.061
1.0555
1.05
1.04787 last
1.042
1.039
1.036
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