Pivot: 99.10.
Our preference: SHORT positions below 99.1 with 98.6 98.4 as next targets.
Alternative scenario: The upside penetration of 99.1 will call for 99.5 99.75.
Comment: the pair is capped by a declining trend line and is challenging its support.
Trend: ST Consolidation; MT Bullish
Key levels Comment
99.75** Intraday resistance
99.5*** Intraday resistance
99.1*** Intraday pivot point
98.72 Last
98.6*** Intraday support
98.4** Intraday support
98.1** Intraday support
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