Pivot: 98.55.
Our preference: SHORT positions below 98.55 with 97.8 97.45 in sight.
Alternative scenario: The upside penetration of 98.55 will call for a rebound towards 98.85 99.
Comment: the pair is rebounding but stands below its resistance, the RSI is badly directed.
Trend: ST Ltd Downside; MT Range
Key levels Comment
99** Intraday resistance
98.85*** Intraday resistance
98.55*** Intraday pivot point
98.04 Last
97.8*** Intraday support
97.45*** Intraday support
97.15*** Intraday support
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