The upside prevails.


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Pivot (invalidation): 1.0010

Our preference
Long positions above 1.0010 with targets at 1.0035 & 1.0050 in extension.

Alternative scenario
Below 1.0010 look for further downside with 0.9990 & 0.9975 as targets.

The RSI is above its neutrality area at 50%.





Pivot (invalidation): 1.3315

Our preference
Long positions above 1.3315 with targets at 1.3360 & 1.3385 in extension.

Alternative scenario
Below 1.3315 look for further downside with 1.3300 & 1.3280 as targets.

The RSI is bullish and calls for further advance.



Intraday support around 0.7150.


Pivot (invalidation): 0.7150

Our preference
Long positions above 0.7150 with targets at 0.7175 & 0.7195 in extension.

Alternative scenario
Below 0.7150 look for further downside with 0.7130 & 0.7110 as targets.

The RSI lacks downward momentum.



Watch 5.6280.


Pivot (invalidation): 5.7000

Our preference
Short positions below 5.7000 with targets at 5.6520 & 5.6280 in extension.

Alternative scenario
Above 5.7000 look for further upside with 5.7200 & 5.7400 as targets.

The RSI calls for a new downleg.

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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