Pivot: 1.0640
Our preference: short positions below 1.0640 with targets at 1.0570 & 1.0540 in extension.
Alternative scenario: above 1.0640 look for further upside with 1.0665 & 1.0685 as targets.
Comment: as long as the resistance at 1.0640 is not surpassed, the risk of the break below 1.0570 remains high. The pair is trading within a bearish channel. |