Preference: SHORT positions below 1328 with 1303 & 1290 in sight.
Alternative scenario: The upside penetration of 1328 will call for a rebound towards 1337 & 1348.
Comment: a break below 1303 would trigger a drop towards 1290.
The red lines are the supports, the green lines are the resistances and the blue line is the pivot point (the key level where we would turn bullish from bearish, or bearish from bullish). There is no one-way for calculating our supports and resistances. We favour the use of Fibonacci levels (either via a retracement or a projection), along with classical technical levels (gaps, horizontal lines, etc.). The choice will depend on the current market configuration.
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