1.1065 expected.



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Pivot (invalidation): 1.1105

Our preference
Short positions below 1.1105 with targets at 1.1085 & 1.1065 in extension.

Alternative scenario
Above 1.1105 look for further upside with 1.1120 & 1.1135 as targets.

A break below 1.1085 would trigger a drop towards 1.1065.



Bullish bias above 1.2135.



Pivot (invalidation): 1.2135

Our preference
Long positions above 1.2135 with targets at 1.2160 & 1.2175 in extension.

Alternative scenario
Below 1.2135 look for further downside with 1.2120 & 1.2100 as targets.

A support base at 1.2135 has formed and has allowed for a temporary stabilisation.



Supported by a rising trend line.



Pivot (invalidation): 106.20

Our preference
Long positions above 106.20 with targets at 106.50 & 106.75 in extension.

Alternative scenario
Below 106.20 look for further downside with 105.95 & 105.65 as targets.

A support base at 106.20 has formed and has allowed for a temporary stabilisation.

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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