Key resistance at 1.1065.


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Pivot (invalidation): 1.1065

Our preference
Short positions below 1.1065 with targets at 1.1035 & 1.1020 in extension.

Alternative scenario
Above 1.1065 look for further upside with 1.1080 & 1.1090 as targets.

As Long as the resistance at 1.1065 is not surpassed, the risk of the break below 1.1035 remains high.



The downside prevails.


Pivot (invalidation): 1.2835

Our preference
Short positions below 1.2835 with targets at 1.2790 & 1.2775 in extension.

Alternative scenario
Above 1.2835 look for further upside with 1.2855 & 1.2875 as targets.

The RSI calls for a new downleg.



Intraday support around 109.10.


Pivot (invalidation): 109.10

Our preference
Long positions above 109.10 with targets at 109.35 & 109.50 in extension.

Alternative scenario
Below 109.10 look for further downside with 108.90 & 108.75 as targets.

A support base at 109.10 has formed and has allowed for a temporary stabilisation.

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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