Pivot: 1.0175
Our Preference: Long position above 1.0175 with 1.0610 1.0800 in sight.
Alternative Scenario: Below 1.0175 look for further decline to 0.9815.
Comment: a key rising trend line drawn from the bottom of September 2012 maintains bullish stance.
Trend: ST Consolidation; MT Bullish, we have been bullish since 29 MAY 2013 (1.0382).
Key levels Comment
1.1235*** Fib retracement (50%)
1.0800*** Horizontal resistance
1.0610** Horizontal resistance
1.038 Last
1.0175*** MT pivot point
0.9815*** Horizontal support
0.9625*** Horizontal support
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