Pivot: 117.2
Our preference: Long positions above 117.2 with targets @ 118.85 119.35 in extension.
Alternative scenario: Below 117.2 look for further downside with 116.8 116.3 as targets.
Comment: The RSI is well directed. The pair remains under pressure and is challenging its support.
Supports and resistances:
119.8 *
119.35 **
118.85 **
118.545 Last
117.2 ***
116.8 **
116.3 ***
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