Pivot
(invalidation):
0.9945
Our preference
Short positions below 0.9945 with targets at 0.9920 & 0.9905 in extension.
Alternative scenario
Above
0.9945 look for further upside with 0.9960 & 0.9975 as targets.
Comment
The RSI is bearish and calls for further downside. The pair’s upside remains capped by the
descending 20-period
moving average.
