Our Preference: SHORT positions below 101.8 with 99.5 & 97.85 in sight.
Alternative scenario: The upside breakout of 101.8 will open the way to 103.5 & 105.
Comment: quotes are breaking down their bullish channel.
Trend: ST Range; MT Range
Key levels Comment
105*** Fib retracement (50%)
103.5** Fib projection
101.8** Intraday pivot point
110.5 Last
99.5** Intraday support
97.85** Intraday support
95.8** Intraday support
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