Pivot: 97.30.
Our preference: LONG positions above 97.3 with 97.85 98.3 in sight.
Alternative scenario: The downside breakout of 97.3 will open the way to 96.95 96.4.
Comment: the pair is facing a pull back on its support.
Trend: ST Consolidation; MT Bullish
Key levels Comment
98.65*** Intraday resistance
98.3** Intraday resistance
97.85*** Intraday resistance
97.35 Last
97.3*** Intraday pivot point
96.95*** Intraday support
96.4*** Intraday support
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