Pivot: 120
Our preference: Short positions below 120 with targets @ 119.35 119.1 in extension.
Alternative scenario: Above 120 look for further upside with 120.3 120.55 as targets.
Comment: The RSI lacks upward momentum. The pair stands below its resistance.
Supports and resistances:
120.55 ***
120.3 ***
120 **
119.7375 Last
119.35 ***
119.1 ***
118.8 **
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