The instrument is highly going on a range bound process with a lot of volatile in nature . Some major news today can add to the volatility. Please look for the following levels for a good trade set up.
9th Feb
DH - 1.07908
DL - 1.07089
10TH FEB
Pivot - 1.07460
R1- 1.07820 , S1- 1.07000
R2- 1.08280, S2- 1.06630
R3- 1.09100, S3- 1.05810
* Needs to break the pivot upward to target R1 1.0782 and 1.07908.
* A move above 1.0750 will signal bullish behavior.
* If Pivot is not broken then downward move to S1- 1.0700
* S2 1.0663 should limit the sell off
* If 1.07502 is broken then we can see a bull run to 1.07820 and 1.07982 and 1.08038
9th Feb
DH - 1.07908
DL - 1.07089
10TH FEB
Pivot - 1.07460
R1- 1.07820 , S1- 1.07000
R2- 1.08280, S2- 1.06630
R3- 1.09100, S3- 1.05810
* Needs to break the pivot upward to target R1 1.0782 and 1.07908.
* A move above 1.0750 will signal bullish behavior.
* If Pivot is not broken then downward move to S1- 1.0700
* S2 1.0663 should limit the sell off
* If 1.07502 is broken then we can see a bull run to 1.07820 and 1.07982 and 1.08038