Pivot
(invalidation):
107.30
Our preference
Long positions above 107.30 with targets at 107.60 & 107.80 in extension.
Alternative scenario
Below
107.30 look for further downside with 107.00 & 106.80 as targets.
Comment
Technically the RSI is above its neutrality area at 50. The pair swiftly rebounded to levels
above both
20-period and 50-period moving averages after swinging down to 107.01 this
morning
