Pivot: 98
Our preference: Short positions below 98 with targets @ 96.95 96.4 in extension.
Alternative scenario: Above 98 look for further upside with 98.3 98.65 as targets.
Comment: the pair is posting a rebound but stands below its resistance.
Key levels
98.65
98.3
98
97.724 last
96.95
96.4
95.9
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