Pivot
(invalidation):
0.9980
Our preference
Short positions below 0.9980 with targets at 0.9955 & 0.9940 in extension.
Alternative scenario
Above
0.9980 look for further upside with 0.9990 & 1.0000 as targets.
Comment
The immediate trend remains down and the momentum is strong. The pair has repeatedly
failed to cross above the
key resistance at 0.9980.
