Trend: ST Ltd Downside; MT Range, we have been bearish since 7 MAR 2012 (1.3117).
Pivot 1.2750
Our preference: SHORT position below 1.2750 with 1.2040 & 1.1850 n sight.
Alternative Scenario: Above 1.2750 up move to 1.30 & 1.33.
Comment the pair remains with in a declining channel which maintains a bearish outlook and is shaping a bearish flag.
