Pivot: 98.70.
Our preference: SHORT positions below 98.7 with targets @ 98.1 97.9.
Alternative scenario: The upside penetration of 98.7 will call for a rebound towards 99 99.4.
Comment: the break below 98.7 is a negative signal that has opened a path to 98.1.
Trend: ST Ltd Downside; MT Range
Key levels Comment
99.4*** Intraday resistance
99** Intraday resistance
98.7** Intraday pivot point
98.4 Last
98.1* Intraday support
97.9** Intraday support
97.6** Intraday support
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