Bullish bias above 1.0020.




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Pivot (invalidation): 1.0020

Our preference
Long positions above 1.0020 with targets at 1.0055 & 1.0070 in extension.

Alternative scenario
Below 1.0020 look for further downside with 1.0000 & 0.9985 as targets.

The RSI calls for a bounce.



Supported by a rising trend line.


Pivot (invalidation): 1.3275

Our preference
Long positions above 1.3275 with targets at 1.3330 & 1.3355 in extension.

Alternative scenario
Below 1.3275 look for further downside with 1.3255 & 1.3230 as targets.

The RSI lacks downward momentum.



Key resistance at 0.7090.


Pivot (invalidation): 0.7090

Our preference
Short positions below 0.7090 with targets at 0.7050 & 0.7035 in extension.

Alternative scenario
Above 0.7090 look for further upside with 0.7105 & 0.7120 as targets.

A break below 0.7050 would trigger a drop towards 0.7035.



Bullish bias above 5.2550.


Pivot (invalidation): 5.2550

Our preference
Long positions above 5.2550 with targets at 5.2960 & 5.3220 in extension.

Alternative scenario
Below 5.2550 look for further downside with 5.2390 & 5.2140 as targets.

The RSI is above its neutrality area at 50%.

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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