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108.10 is our pivot point.
Our preference
As long as 108.10 is support look for 108.96.
Alternative scenario
The downside breakout of 108.10 would call for 107.79 and 107.61.
Comment
The RSI is above 50. The MACD is below its signal line and positive. The pair could retrace. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 108.24 and 108).
Supports and resistances
109.33 **
109.15 *
108.96 **
108.78
108.42 last
108.22
108.10 **
107.79 *
107.61 **
Number of asterisks represents the strength of support and resistance levels.
