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Our pivot point is at 108.23.
Our preference
The upside prevails as long as 108.23 is support.
Alternative scenario
The downside breakout of 108.23 would call for 107.92 and 107.74.
Comment
The RSI is above 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 108.42 and 108.41).
Supports and resistances
109.41 **
109.23 *
109.05 **
108.86
108.48 last
108.35
108.23 **
107.92 *
107.74 **
Number of asterisks represents the strength of support and resistance levels.
