Pivot: 112.70
Our preference: long positions above 112.70 with targets @ 113.50 & 113.80 in extension.
Alternative scenario: below 112.70 look for further downside with 112.20 & 111.85 as targets.
Comment: the RSI is bullish and calls for further upside. The pair has broken above the upper boundary of a bearish channel.
Supports and resistances:
114.27
113.80
113.50
113.30 Last
112.70
112.20
111.85
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