Update on supports and resistances.
| Short Term View (Rise, Limited Rise, Consolidation, Limited Decline, Decline) |
Limited Rise |
|---|---|
| Change In Short Term View | None |
| Medium Term View (Bullish, Range, Bearish) |
Range |
| Change In Medium Term View | None |
Pivot: 1.62
Our preference: Long positions above 1.62 with targets @ 1.8 & 1.87 in extension.
Alternative scenario: Below 1.62 look for further downside with 1.57 & 1.5 as targets.
Comment: the RSI is supported by a rising trend line.
Key levels
1.95
1.87
1.8
1.72 last
1.62
1.57
1.5
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