Pivot: 1.378

Our preference: Short positions below 1.378 with targets @ 1.3725 & 1.37 in extension.

Alternative scenario: Above 1.378 look for further upside with 1.381 & 1.3845 as targets.

Comment: The pair is posting a rebound but remains capped by a declining trend line.

Supports and resistances:

1.3845

1.381

1.378

1.3749 Last

1.3725

1.37

1.3685