Pivot point: 1.1160 The bullish momentum sustains after trading within a high range yesterday. It broke through 1.1195 during US session, at last closed slightly above the first resistance. For future trading references, if the bullish momentum continues then the resistance of 1.1204 could be broken and push the price up to 1.1240. However, if a downward trend emerges then the support of 1.1124 may falter, which could pull the price lower to 1.1079.