Upside Prevails
Our Pivot: 1.1270
Our Preference: Buy above 1.1317 with strict stop loss of 1.1270 and target at 1.1362 and 1.1383.
Alternate Scenario: Downard penetration of 1.1270 will call for 1.1230 and 1.1200.
NOTE: Trend channel penetrated in bullish direction and supported by a rising trend line.
Chart with Supports and Resistances:
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