Pivot: 106.65
Our preference: Short positions below 106.65 with targets @ 105.2 104.7 in extension.
Alternative scenario: Above 106.65 look for further upside with 107.05 107.55 as targets.
Comment: The upward potential is likely to be limited by the resistance at 106.65. The pair stands below its resistance and remains under pressure.
Supports and resistances:
107.55
107.05
106.65
106.37 Last
105.2
104.7
104.25
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