Pivot: 100.55.
Our preference: LONG positions above 100.55 with targets @ 101.8 102.2.
Alternative scenario: The downside penetration of 100.55 will call for 100.1 99.7.
Comment: the pair is rebounding on its support as the RSI is reversing up.
Trend: ST Consolidation; MT Bullish
Key levels Comment
102.55*** Intraday resistance
102.2** Intraday resistance
101.8*** Intraday resistance
101.04 Last
100.55*** Intraday pivot point
100.1** Intraday support
99.7** Intraday support
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