Pivot: 1.135
Our preference: Long positions above 1.135 with targets @ 1.146 1.1485 in extension.
Alternative scenario: Below 1.135 look for further downside with 1.131 1.1285 as targets.
Comment: The immediate trend remains down and the momentum is strong. Prices are drawing a Pennant: a bullish acceleration pattern calling for a rise towards 1.1485
Supports and resistances:
1.154 *
1.1485 *
1.146 *
1.1393 Last
1.135 ***
1.131 **
1.1285 ***
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