Key resistance at 1.1230.




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Pivot (invalidation): 1.1230

Our preference
Short positions below 1.1230 with targets at 1.1200 & 1.1180 in extension.

Alternative scenario
Above 1.1230 look for further upside with 1.1245 & 1.1255 as targets.

As Long as the resistance at 1.1230 is not surpassed, the risk of the break below 1.1200 remains high.



Key resistance at 1.2520.



Pivot (invalidation): 1.2520

Our preference
Short positions below 1.2520 with targets at 1.2485 & 1.2460 in extension.

Alternative scenario
Above 1.2520 look for further upside with 1.2540 & 1.2555 as targets.

The index currently faces a challenging resistance area at 1.2520.



The upside prevails.



Pivot (invalidation): 107.80

Our preference
Long positions above 107.80 with targets at 108.15 & 108.35 in extension.

Alternative scenario
Below 107.80 look for further downside with 107.65 & 107.50 as targets.

The RSI is bullish and calls for further upside.

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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