Pivot: 0.9150
Our preference: Up move expected towards 0.9840 0.9970.
Alternative scenario: A downside breakout of 0.9150 would call for further weakness to 0.90.
Comment: the pair is supported by a rising trend line in place since October 2011.
Trend: ST Consolidation; MT Bullish, we have been bullish since 8 JUL 2013 (0.9648).
Key levels Comment
1.0130 *** Horizontal resistance
0.9970 *** Horizontal resistance
0.9840 *** Horizontal resistance
0.9375 Last
0.9150 *** MT pivot point
0.9000 ** Horizontal support
0.8900 ** Horizontal support
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