Our Preference: LONG positions above 99.5 with 101.8 & 103.5 as next targets.
Alternative scenario: The downside breakout of 99.5 will open the way to 97.85 & 95.8.
Comment: quotes are standing within a bullish channel.
Trend: ST Range; MT Range
Key levels Comment
105*** Fib retracement (50%)
103.5** Fib projection
101.8** Intraday resistance
110.84 Last
99.5** Intraday pivot point
97.85** Intraday support
95.8** Intraday support
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