Pivot: 112.70
Our preference: short positions below 112.70 with targets @ 111.65 & 111.00 in extension.
Alternative scenario: above 112.70 look for further upside with 113.35 & 114.00 as targets.
Comment: the RSI lacks upward momentum. The pair emerges to the downside after completing a broadening formation.
Supports and resistances:
114.00
113.35
112.70
112.00 Last
111.65
111.00
110.50
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