Pivot: 90.20
Our Preference: LONG position above 90.2 with 96.65 99 in sight.
Alternative Scenario: Below 90.2 down move to 87.5 84.
Comment: the pair has broken above its previous high and is facing a pull back ahead of further advance.
Trend: ST Consolidation; MT Bullish, we have been bullish since 2 NOV 2012 (80.59).
Key levels Comment
101.25 *** Horizontal resistance
99.00 ** Fib projection
96.65 ** Horizontal resistance
93.33 Last
90.20 ** MT pivot point
87.50 ** Horizontal support
84.00 *** Horizontal support
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