Under pressure.




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Pivot (invalidation): 0.9870

Our preference
Short positions below 0.9870 with targets at 0.9830 & 0.9810 in extension.

Alternative scenario
Above 0.9870 look for further upside with 0.9890 & 0.9910 as targets.

As Long as the resistance at 0.9870 is not surpassed, the risk of the break below 0.9830 remains high.



Under pressure.


Pivot (invalidation): 1.3175

Our preference
Short positions below 1.3175 with targets at 1.3145 & 1.3125 in extension.

Alternative scenario
Above 1.3175 look for further upside with 1.3195 & 1.3225 as targets.

A break below 1.3145 would trigger a drop towards 1.3125.



0.6965 expected.


Pivot (invalidation): 0.6905

Our preference
Long positions above 0.6905 with targets at 0.6940 & 0.6965 in extension.

Alternative scenario
Below 0.6905 look for further downside with 0.6890 & 0.6865 as targets.

A support base at 0.6905 has formed and has allowed for a temporary stabilisation.



Look for 5.7430.


Pivot (invalidation): 5.7960

Our preference
Short positions below 5.7960 with targets at 5.7650 & 5.7430 in extension.

Alternative scenario
Above 5.7960 look for further upside with 5.8180 & 5.8330 as targets.

A break below 5.7650 would trigger a drop towards 5.7430.

This report has been prepared by AC Markets and is solely been published for informational purposes and is not to be construed as a solicitation or an offer to buy or sell any currency or any other financial instrument. Views expressed in this report may be subject to change without prior notice and may differ or be contrary to opinions expressed by AC Markets personnel at any given time. ACM is under no obligation to update or keep current the information herein, the report should not be regarded by recipients as a substitute for the exercise of their own judgment.

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