Pivot: 122
Our preference: Short positions below 122 with targets @ 116 113.4 in extension.
Alternative scenario: Above 122 look for further upside with 126 127.7 as targets.
Comment: The pair has broken below a rising trend line and is shaping a triangle pattern.
Supports and resistances:
127.7 **
126 ***
122 ***
120.2550 Last
116 **
113.4 **
110 ***
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