Pivot (invalidation): 5.9450

Our preference Short positions below 5.9450 with targets at 5.9190 & 5.9090 in extension.

Alternative scenario Above 5.9450 look for further upside with 5.9610 & 5.9770 as targets.

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Comment As Long as 5.9450 is resistance, look for choppy price action with a bearish bias.

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