Pivot: 1.0050
Our Preference: Long position above1.0050 with 1.0340 1.0450 in sight.
Alternative Scenario: Below 1.0050 look for further downside to 0.9805.
Comment: the pair is challenging a key support area calling for caution.
Trend: ST Ltd Upside; MT Bullish, we have been bullish since 30 JAN 2013 (1.002).
Key levels Comment
1.0520** Horizontal resistance
1.0450*** Horizontal resistance
1.0340*** Horizontal resistance
1.0065 Last
1.0050*** MT pivot point
0.9805*** Horizontal support
0.9630*** Horizontal support
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