Pivot: 1.2400


Our preference:

long positions above 1.2400 with targets at 1.2455 & 1.2495 in extension.


Alternative scenario:

below 1.2400 look for further downside with 1.2380 & 1.2335 as targets.


Comment:

the RSI is bullish and calls for further upside. The pair validated a Falling Wedge: a bullish continuation pattern calling for a resumption of the short-term bullish trend.


Supports and resistances:


1.2530

1.2495

1.2455


1.2437

Last

1.2400

1.2380

1.2335
































Kategori: ANALISA