average is rising above 15-day moving average.
the pair is trading below its pivot point. it is likely to trade in a lower range as far as it remains below the pivot point. short positions are recommended with the first target at 118. a break of this target will move the pair further downward to 117.65. the pivot point stands at 119. in case the price moves in the opposite direction and bounces back from the support level, it will move above its pivot point. it is likely to move further to the upside. according to that scenario, a long position is recommended with the first target at 119.30 and the 