Pivot: 101.65.
Our preference: SHORT positions below 101.65 with 100.95 100.65 in sight.
Alternative scenario: The upside penetration of 101.65 will call for a rebound towards 102 102.5.
Comment: the pair is rebounding and is challenging its resistance.
Trend: ST Ltd Upside; MT Bullish
Key levels Comment
102.5** Intraday resistance
102** Intraday resistance
101.65*** Intraday pivot point
101.53 Last
100.95*** Intraday support
100.65** Intraday support
100.25*** Intraday support
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