Pivot
(invalidation):
5.8620
Our preference
Short positions below 5.8620 with targets at 5.8150 & 5.7860 in extension.
Alternative scenario
Above
5.8620 look for further upside with 5.8950 & 5.9210 as targets.
Comment
The break above 5.8620 is a positive signal that has opened a path to 5.8150. The
descending 50-period moving is
maintaining the pair’s intraday bearishness.
