Look for 1.1250.




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Pivot (invalidation): 1.1290

Our preference
Short positions below 1.1290 with targets at 1.1265 & 1.1250 in extension.

Alternative scenario
Above 1.1290 look for further upside with 1.1305 & 1.1325 as targets.

A break below 1.1265 would trigger a drop towards 1.1250.



The downside prevails.


Pivot (invalidation): 1.2690

Our preference
Short positions below 1.2690 with targets at 1.2665 & 1.2650 in extension.

Alternative scenario
Above 1.2690 look for further upside with 1.2705 & 1.2715 as targets.

The RSI lacks upward momentum.



Towards 107.95.


Pivot (invalidation): 108.55

Our preference
Short positions below 108.55 with targets at 108.15 & 107.95 in extension.

Alternative scenario
Above 108.55 look for further upside with 108.70 & 108.80 as targets.

The RSI is bearish and calls for further decline.

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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