![](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgTPzsQbiut-hBnb1MxbcOQzuJ3xjR8zEvtsF89p_vWo6hkyqaqbfCRCwCFJIFW93b0EdTzAcJaQhCHTPRFjGXdUYRQ9OdWUS2zcDMvDfEVbGwbGnPMW_syzkXcX3J-3dlq3BkR7g/s320/EURUSD20081119140345.gif)
Our preference: Short positions below 1.27 with targets @ 1.25751 & 1.253 in extension.
Alternative scenario: Above 1.27 look for further upside with 1.28 & 1.285 as targets.
Comments: The pair remains below a short-term declining trend line.
![](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjv-bVMoY90SBVq4xTS8tKUSaeEdA5x6NwlgD4WYEXSq4nqgUxK1WPZpc2hNj2JghHb8X_RafoQuMWdcJAIivO6MjKDTh6nG1yP2D8IyF9qkDE3tqX7Fx-r6IxM_7lNPZCq0lxsIQ/s320/GBPUSD20081119140435.gif)
Pivot: 1.51
Our preference: Short positions below 1.51 with targets @ 1.495 & 1.4895 in extension.
Alternative scenario: Above 1.51 look for further upside with 1.522 & 1.5375 as targets.
Comment: the upward potential is likely to be limited by the resistance at 1.51.
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