Pivot: 119.75
Our preference: Short positions below 119.75 with targets @ 118.9 118.65 in extension.
Alternative scenario: Above 119.75 look for further upside with 120.05 120.4 as targets.
Comment: The upward potential is likely to be limited by the resistance at 119.75. The pair remains on the downside.
Supports and resistances:
120.4 ***
120.05 **
119.75 **
119.6 Last
118.9 **
118.65 ***
118.3 **
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