Pivot
(invalidation):
5.8450
Our preference
Long positions above 5.8450 with targets at 5.8950 & 5.9210 in extension.
Alternative scenario
Below
5.8450 look for further downside with 5.8150 & 5.7860 as targets.
Comment
The break above 5.8450 is a positive signal that has opened a path to 5.8950. The pair has
finally broken
above the key resistance at 5.8450, which is now playing the role as a key
support.
