Pivot
(invalidation):
5.8700
Our preference
Long positions above 5.8700 with targets at 5.9180 & 5.9320 in extension.
Alternative scenario
Below
5.8700 look for further downside with 5.8520 & 5.8330 as targets.
Comment
The break above 5.8700 is a positive signal that has opened a path to 5.9180. The pair is
currently supported
by the ascending 20-period moving average.
