Pivot: 1653.00
Our preference
short positions below 1653.00 with targets at 1632.00 & 1625.00 in extension.
Alternative scenario:
above 1653.00 look for further upside with 1663.00 & 1672.00 as targets.
Comment:
as long as 1653.00 is resistance, look for choppy price action with a bearish bias.
Our preference
short positions below 1653.00 with targets at 1632.00 & 1625.00 in extension.
Alternative scenario:
above 1653.00 look for further upside with 1663.00 & 1672.00 as targets.
Comment:
as long as 1653.00 is resistance, look for choppy price action with a bearish bias.