Pivot: 101.30.
Our preference: SHORT positions @ 101.15 with targets @ 100.1 99.7.
Alternative scenario: The upside penetration of 101.3 will call for a rebound towards 101.8 102.2.
Comment: the pair remains under pressure and is challenging its support, the RSI is badly directed.
Trend: ST Consolidation; MT Bullish
Key levels Comment
102.2** Intraday resistance
101.8*** Intraday resistance
101.3*** Intraday pivot point
100.47 Last
100.1*** Intraday support
99.7** Intraday support
99.4** Intraday support
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