Pivot: 1.478

The preference: Short positions below 1.478 with targets @ 1.47 & 1.4675 in extension.

Alternative scenario: Above 1.478 look for further upside with 1.4842 & 1.498 as targets.

Comment: the pair is rebounding but should strike against its bearish channel upper boundary.

Key levels

1.498

1.4842

1.478

1.4741 last

1.47

1.4675

1.465