Pivot: 0.9710.
Our preference: LONG positions above 0.971 with 0.982 0.987 in sight.
Alternative scenario: The downside penetration of 0.971 will call for a slide towards 0.966 0.9635.
Comment: the pair has rebounded on its support and should post further advance as the RSI is well directed.
Trend: ST Consolidation; MT Bullish
Key levels Comment
0.991** Intraday resistance
0.987** Intraday resistance
0.982*** Intraday resistance
0.977 Last
0.971*** Intraday pivot point
0.966** Intraday support
0.9635** Intraday support
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