Pivot: 102.90.
Our preference: SHORT positions below 102.9 with targets @ 102.05 101.85.
Alternative scenario: The upside penetration of 102.9 will call for 103.3 103.7.
Comment: as long as 102.9 is resistance, look for choppy price action with a bearish bias.
Trend: ST Consolidation; MT Bullish
Key levels Comment
103.7** Fib projection
103.3** Intraday resistance
102.9*** Intraday pivot point
102.55 Last
102.05* Intraday support
101.85*** Intraday support
101.25** Intraday support
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