Pivot: 98.95.
Our preference: LONG positions above 98.95 with 99.55 99.95 in sight.
Alternative scenario: The downside penetration of 98.95 will call for 98.7 98.5.
Comment: the pair has broken above the upper boundary of a bearish channel and remains on the upside.
Trend: ST Consolidation; MT Bullish
Key levels Comment
100.2** Intraday resistance
99.95*** Intraday resistance
99.55*** Intraday resistance
99.17 Last
98.95*** Intraday pivot point
98.7*** Intraday support
98.5** Intraday support
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