Pivot: 98.90.
Our preference: LONG positions above 98.9 with 99.6 100 as next targets.
Alternative scenario: The downside breakout of 98.9 will open the way to 98.6 98.15.
Comment: the pair is pulling back on its support ahead of a rebound.
Trend: ST Consolidation; MT Bullish
Key levels Comment
100.5** Intraday resistance
100*** Intraday resistance
99.6*** Intraday resistance
99.13 Last
98.9*** Intraday pivot point
98.6*** Intraday support
98.15** Intraday support
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