Pivot: 101.45
Our preference: Long positions above 101.45 with targets @ 101.8 102.05 in extension.
Alternative scenario: Below 101.45 look for further downside with 101.2 101.05 as targets.
Comment: Intraday technical indicators are mixed and call for caution. The RSI is oversold but do not post any reversal sign. The 101.45 congestion area is expected to limit the downside potential.
Supports and resistances:
102.25
102.05
101.8
101.5035 Last
101.45
101.2
101.05
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