Our pivot point stands at 1.6295.
Our preference: As long as 1.6295 is not broken down, we favour an upmove with 1.6597 and then 1.6688 as next targets.
Alternative scenario: Only the downside breakout of 1.6295 will invalidate our bullish scenario. In this case, a decline should shape towards 1.6198 at first, and then 1.6089.
Comment: Daily indicators are mixed.
Trend: ST consolidation; MT range.
Our preference: As long as 1.6295 is not broken down, we favour an upmove with 1.6597 and then 1.6688 as next targets.
Alternative scenario: Only the downside breakout of 1.6295 will invalidate our bullish scenario. In this case, a decline should shape towards 1.6198 at first, and then 1.6089.
Comment: Daily indicators are mixed.
Trend: ST consolidation; MT range.
تعليق