Further advance.




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Pivot (invalidation): 1.1250

Our preference
Long positions above 1.1250 with targets at 1.1280 & 1.1300 in extension.

Alternative scenario
Below 1.1250 look for further downside with 1.1235 & 1.1220 as targets.

The RSI advocates for further upside.



The upside prevails.



Pivot (invalidation): 1.2495

Our preference
Long positions above 1.2495 with targets at 1.2540 & 1.2560 in extension.

Alternative scenario
Below 1.2495 look for further downside with 1.2480 & 1.2460 as targets.

The RSI is bullish and calls for further advance.



Under pressure.



Pivot (invalidation): 108.20

Our preference
Short positions below 108.20 with targets at 107.65 & 107.50 in extension.

Alternative scenario
Above 108.20 look for further upside with 108.35 & 108.50 as targets.

The RSI has broken down its 30 level.

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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