Pivot: 101.80.
Our preference: SHORT positions below 101.8 with 100.55 100.1 as next targets.
Alternative scenario: The upside breakout of 101.8 will open the way to 102.2 102.55.
Comment: the pair has struck against its resistance and remains under pressure as the RSI is badly directed.
Trend: ST Consolidation; MT Bullish
Key levels Comment
102.55*** Intraday resistance
102.2** Intraday resistance
101.8*** Intraday pivot point
100.83 Last
100.55*** Intraday support
100.1** Intraday support
99.7** Intraday support
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