The upside prevails.
Pivot (invalidation): 1.0865
Long positions above 1.0865 with targets at 1.0950 & 1.0985 in extension.
Below 1.0865 look for further downside with 1.0835 & 1.0810 as targets.
The break above 1.0865 is a positive signal that has opened a path to 1.0950.
Bullish bias above 1.1805.
Pivot (invalidation): 1.1805
Long positions above 1.1805 with targets at 1.1890 & 1.1915 in extension.
Below 1.1805 look for further downside with 1.1775 & 1.1730 as targets.
The RSI lacks downward momentum.
Key resistance at 111.05.
Pivot (invalidation): 111.05
Short positions below 111.05 with targets at 110.40 & 110.05 in extension.
Above 111.05 look for further upside with 111.40 & 111.70 as targets.
As Long as the resistance at 111.05 is not surpassed, the risk of the break below 110.40 remains high.
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