Pivot: 118.3
Our preference: Short positions below 118.3 with targets @ 117.2 116.8 in extension.
Alternative scenario: Above 118.3 look for further upside with 118.65 118.85 as targets.
Comment: As long as the resistance at 118.3 is not surpassed, the risk of the break below 117.2 remains high. The pair stands below its resistance and remains under pressure.
Supports and resistances:
118.85 ***
118.65 **
118.3 **
117.71 Last
117.2 **
116.8 ***
116.3 ***
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