Pivot: 1.2345


Our preference:

long positions above 1.2345 with targets at 1.2430 & 1.2465 in extension.


Alternative scenario:

below 1.2345 look for further downside with 1.2300 & 1.2270 as targets.


Comment:

the RSI has just broken above a declining trend line. The pair validated a Falling Wedge: a bullish continuation pattern calling for a resumption of the short-term up trend.


Supports and resistances:


1.2495

1.2465

1.2430


1.2399

Last

1.2345

1.2300

1.2270
































Kategori: ANALISA