Pivot: 94.50
Our Preference: LONG position above 94.5 with 101.5 103.8 in sight.
Alternative Scenario: Below 94.5 down move to 90.85 87.5.
Comment: the pair is facing a pull back ahead of further advance.
Trend: ST Consolidation; MT Bullish, we have been bullish since 2 JUL 2013 (99.93).
Key levels Comment
106.00 ** Horizontal resistance
103.80 *** Horizontal resistance
101.50 ** Horizontal resistance
99.28 Last
94.50 *** MT pivot point
90.85 ** Fib retracement (50%)
87.50 ** Fib retracement (61.8%)
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