Stellar / Dollar may rise to 0.1043 - 0.1055

Our pivot point is at 0.1005.

Our preference

As long as 0.1005 is support look for 0.1055.

Alternative scenario

The downside breakout of 0.1005 would call for 0.0985 and 0.0974.

Comment

The RSI is above 50. The MACD is positive and below its signal line. The price could retrace. Moreover, the price is above its 20 and 50 period moving average (respectively at 0.1017 and 0.0992).

Supports and resistances

0.1078 **

0.1066 *

0.1055 **

0.1043

0.1020 last

0.1012

0.1005 **

0.0985 *

0.0974 **

Number of asterisks represents the strength of support and resistance levels.