The downside prevails.




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Pivot (invalidation): 0.9885

Our preference
Short positions below 0.9885 with targets at 0.9830 & 0.9810 in extension.

Alternative scenario
Above 0.9885 look for further upside with 0.9900 & 0.9925 as targets.

The RSI has broken down its 30 level.



Watch 1.3000.



Pivot (invalidation): 1.3080

Our preference
Short positions below 1.3080 with targets at 1.3030 & 1.3000 in extension.

Alternative scenario
Above 1.3080 look for further upside with 1.3100 & 1.3115 as targets.

The RSI advocates for further downside.



Further upside.



Pivot (invalidation): 0.6945

Our preference
Long positions above 0.6945 with targets at 0.6990 & 0.7010 in extension.

Alternative scenario
Below 0.6945 look for further downside with 0.6930 & 0.6915 as targets.

The RSI advocates for further advance.



Under pressure.



Pivot (invalidation): 5.7070

Our preference
Short positions below 5.7070 with targets at 5.6460 & 5.6270 in extension.

Alternative scenario
Above 5.7070 look for further upside with 5.7300 & 5.7580 as targets.

The RSI is bearish and calls for further downside.

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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