Pivot: 98.40.
Our preference: SHORT positions below 98.4 with 97.6 97.2 as next targets.
Alternative scenario: The upside penetration of 98.4 will call for a rebound towards 99 99.35.
Comment: the pair stands below its strong resistance and remains under pressure.
Trend: ST Consolidation; MT Bullish
Key levels Comment
99.35** Intraday resistance
99** Intraday resistance
98.4*** Intraday pivot point
98.02 Last
97.6** Intraday support
97.2** Intraday support
96.9** Intraday support
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