Pivot: 126
Our preference: Short positions below 126 with targets @ 115.5 113.4 in extension.
Alternative scenario: Above 126 look for further upside with 127.7 132 as targets.
Comment: The RSI is badly directed. The pair has broken below a rising trend line and remains under pressure.
Supports and resistances:
132 **
127.7 *
126 **
119.16 Last
115.5 ***
113.4 **
110 ***
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