Pivot: 115.85
Our preference: Long positions above 115.85 with targets @ 116.9 117.3 in extension.
Alternative scenario: Below 115.85 look for further downside with 115.35 114.9 as targets.
Comment: A support base at 115.85 has formed and has allowed for a temporary stabilisation. The pair has broken above a declining trend line and is facing a pull back.
Supports and resistances:
117.8
117.3
116.9
116.22 Last
115.85
115.35
114.9
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