Pivot: 0.9300.
Our preference: SHORT positions below 0.93 with 0.925 0.921 in sight.
Alternative scenario: The upside penetration of 0.93 will call for a rebound towards 0.934 0.937.
Comment: the pair is posting a rebound but stands below its resistance.
Trend: ST Consolidation; MT Bullish
Key levels Comment
0.937** Intraday resistance
0.934*** Intraday resistance
0.93*** Intraday pivot point
0.9279 Last
0.925** Intraday support
0.921** Intraday support
0.917*** Intraday support
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