Pivot (invalidation): 5.8200
Our preference Short positions below 5.8200 with targets at 5.7810 & 5.7620 in extension.
Alternative scenario Above 5.8200 look for further upside with 5.8410 & 5.8610 as targets.
Comment The upward potential is likely to be limited by the resistance at 5.8200. The negatively-sloped 50-period moving average (now around the key resistance at 5.8200) is helping to maintain intraday bearishness.