Pivot: 0.9265.
Our preference: SHORT positions below 0.9265 with 0.9195 0.916 as next targets.
Alternative scenario: The upside penetration of 0.9265 will call for a rebound towards 0.929 0.931.
Comment: the pair is rebounding and is challenging its resistance.
Trend: ST Consolidation; MT Bullish
Key levels Comment
0.931*** Intraday resistance
0.929** Intraday resistance
0.9265*** Intraday pivot point
0.9252 Last
0.9195*** Intraday support
0.916** Intraday support
0.9125** Intraday support
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