Pivot: 98.30.
Our preference: SHORT positions @ 98.2 with 97.2 96.8 as next targets.
Alternative scenario: The upside penetration of 98.3 will call for a rebound towards 98.7 99.25.
Comment: the pair stands below its resistance and remains under pressure.
Trend: ST Ltd Downside; MT Range
Key levels Comment
99.25** Intraday resistance
98.7*** Intraday resistance
98.3*** Intraday pivot point
97.78 Last
97.2** Intraday support
96.8*** Intraday support
96.2*** Intraday support
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