Pivot: 97.55.
Our preference: LONG positions @ 97.65 with targets @ 98.6 98.85.
Alternative scenario: The downside penetration of 97.55 will call for 96.95 96.35.
Comment: the pair stands above its support and should post further advance as the RSI is supported by a rising trend line.
Trend: ST Consolidation; MT Bullish
Key levels Comment
99.15** Intraday resistance
98.85** Intraday resistance
98.6*** Intraday resistance
98.17 Last
97.55** Intraday pivot point
96.95*** Intraday support
96.35** Intraday support
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