Pivot (invalidation): 1.1000
Our preference Long positions above 1.1000 with targets at 1.1035 & 1.1055 in extension.
Alternative scenario Below 1.1000 look for further downside with 1.0985 & 1.0970 as targets.
Comment A support base at 1.1000 has formed and has allowed for a temporary stabilisation. The pair has swung back to the upper Bollinger band after locating a key support at 1.1000.
