A bullish stochastic cross on daily chart is a something to be reckoned with. I believe intraday outlook is neutral for the time being. A break of 160.00 handle will bring more pressure to the downside. Long-term outlook for EJ is bleak and gloomy amid uncertainties in global financial markets.
Pivot = 161.25
Resistances = 161.85, 162.88, 163.48
Supports = 160.22, 159.62, 158.59
Fundamental notes: A 50 points rate cut is feel like a sure thing.
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