Pivot: 119.35
Our preference: Short positions below 119.35 with targets @ 118.25 117.7 in extension.
Alternative scenario: Above 119.35 look for further upside with 119.95 120.3 as targets.
Comment: As long as 119.35 is resistance, expect a return to 118.25. The pair is posting a rebound and is approaching its resistance.
Supports and resistances:
120.3 **
119.95 ***
119.35 ***
119.23 Last
118.25 ***
117.7 **
117.1 ***
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