Pivot (invalidation): 0.9980

Our preference Short positions below 0.9980 with targets at 0.9955 & 0.9940 in extension.

Alternative scenario Above 0.9980 look for further upside with 0.9990 & 1.0000 as targets.

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Comment The immediate trend remains down and the momentum is strong. The pair has repeatedly failed to cross above the key resistance at 0.9980.

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