Pivot: 0.9270
Our preference: Up move expected towards 0.9590 0.9750.
Alternative scenario: A downside breakout of 0.9270 would call for further weakness to 0.9150.
Comment: the pair has broken above a bearish channel upper boundary and remains on the upside, the RSI stands above its neutrality area and is reversing up.
Trend: ST Consolidation; MT Range, we have been bullish since 6 MAR 2012 (0.9435).
Key levels Comment
0.9870 ** Horizontal resistance
0.9750 *** Horizontal resistance
0.9590 ** Horizontal resistance
0.9473 Last
0.9270 ** MT pivot point
0.9150 ** Horizontal support
0.9030 *** Horizontal support
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