Towards 1.0840.




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Pivot (invalidation): 1.0890

Our preference
Short positions below 1.0890 with targets at 1.0855 & 1.0840 in extension.

Alternative scenario
Above 1.0890 look for further upside with 1.0905 & 1.0925 as targets.

A break below 1.0855 would trigger a drop towards 1.0840.



The downside prevails.


Pivot (invalidation): 1.2970

Our preference
Short positions below 1.2970 with targets at 1.2945 & 1.2920 in extension.

Alternative scenario
Above 1.2970 look for further upside with 1.2990 & 1.3010 as targets.

A break below 1.2945 would trigger a drop towards 1.2920.



Under pressure.


Pivot (invalidation): 110.00

Our preference
Short positions below 110.00 with targets at 109.70 & 109.55 in extension.

Alternative scenario
Above 110.00 look for further upside with 110.15 & 110.30 as targets.

The RSI lacks upward momentum.

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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