Stellar / Dollar may rise to 0.1022 - 0.1035

0.0978 is our pivot point.

Our preference

As long as 0.0978 is support look for 0.1035.

Alternative scenario

The downside breakout of 0.0978 would call for 0.0957 and 0.0944.

Comment

The RSI is above its neutrality area at 50. The MACD is positive and below its signal line. The price could retrace. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 0.0991 and 0.0983).

Supports and resistances

0.1060 **

0.1047 *

0.1035 **

0.1022

0.0996 last

0.0986

0.0978 **

0.0957 *

0.0944 **

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