Update on supports and resistances. ( 28/02/2012 11:33 )
Pivot: 109.35
Our Preference: SHORT positions below 109.35 with 106.75 & 105.8 as next targets.
Alternative scenario: The upside breakout of 109.35 will open the way to 110.3 & 110.9.
Comment: as long as 109.35 is resistance, look for choppy price action with a bearish bias.
Trend: ST Bullish; MT Ltd upside
Key levels Comment
110.9** Fib projection
110.3** Fib projection
109.35** Intraday pivot point
108.37 Last
106.75** Intraday support
105.8** Intraday support
104.85** Intraday support
TIPS:
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