Bullish bias above 0.9730
Pivot (invalidation): 0.9730
Long positions above 0.9730 with targets at 0.9765 & 0.9780 in extension.
Below 0.9730 look for further downside with 0.9700 & 0.9680 as targets.
Even though a continuation of the consolidation cannot be ruled out, its extent should be limited.
Key resistance at 1.3240
Pivot (invalidation): 1.3240
Short positions below 1.3240 with targets at 1.3205 & 1.3180 in extension.
Above 1.3240 look for further upside with 1.3260 & 1.3290 as targets.
As Long as the resistance at 1.3240 is not surpassed, the risk of the break below 1.3205 remains high.
The bias remains bullish
Pivot (invalidation): 0.6775
Long positions above 0.6775 with targets at 0.6815 & 0.6830 in extension.
Below 0.6775 look for further downside with 0.6750 & 0.6725 as targets.
A support base at 0.6775 has formed and has allowed for a temporary stabilisation.
Pivot (invalidation): 5.5510
Long positions above 5.5510 with targets at 5.5900 & 5.6160 in extension.
Below 5.5510 look for further downside with 5.5280 & 5.5130 as targets.
The RSI calls for a rebound.
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