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Our pivot point is at 105.457.
Our preference
The upside prevails as long as 105.457 is support.
Alternative scenario
The downside breakout of 105.457 would call for 105.285 and 105.183.
Comment
The RSI is above 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the price is above its 20 and 50 period moving average (respectively at 105.555 and 105.423).
Supports and resistances
106.272 **
106.170 *
106.067 **
105.965
105.691 last
105.524
105.457 **
105.285 *
105.183 **
Number of asterisks represents the strength of support and resistance levels.
