Intraday support around 1.1260.


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Pivot (invalidation): 1.1260

Our preference
Long positions above 1.1260 with targets at 1.1285 & 1.1305 in extension.

Alternative scenario
Below 1.1260 look for further downside with 1.1245 & 1.1230 as targets.

The RSI is above its neutrality area at 50%.



Supported by a rising trend line.


Pivot (invalidation): 1.3080

Our preference
Long positions above 1.3080 with targets at 1.3120 & 1.3140 in extension.

Alternative scenario
Below 1.3080 look for further downside with 1.3060 & 1.3030 as targets.

The RSI is above its neutrality area at 50%.



Capped by a negative trend line.


Pivot (invalidation): 111.20

Our preference
Short positions below 111.20 with targets at 110.95 & 110.80 in extension.

Alternative scenario
Above 111.20 look for further upside with 111.35 & 111.50 as targets.

A break below 110.95 would trigger a drop towards 110.80.

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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