Pivot: 1.5578.
Our Preference: SHORT positions @ 1.5568 with 1.549 & 1.5465 in sight.
Alternative scenario: The upside penetration of 1.5578 will call for a rebound towards 1.563 & 1.565.
Comment: The 1.558 former support area is now acting as a resistance.
Trend: ST Consolidation; MT Bullish
Key levels Comment
1.565** Intraday bullish channel resistance
1.563** Intraday resistance
1.5578* Intraday pivot point
1.555 Last
1.549** Intraday support
1.5465*** Intraday bullish channel support
1.5425** Intraday support
Attached Image
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