Pivot: 98.10.
Our preference: LONG positions above 98.1 with 98.7 99.1 as next targets.
Alternative scenario: The downside penetration of 98.1 will call for 97.85 97.55.
Comment: a support base at 98.1 has formed and has allowed for a temporary stabilisation.
Trend: ST Ltd Downside; MT Range
Key levels Comment
99.65*** Intraday resistance
99.1** Intraday resistance
98.7** Intraday resistance
98.26 Last
98.1*** Intraday pivot point
97.85** Intraday support
97.55*** Fib retracement (50%)
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