Our pivot point stands at 10.4570.
Our preference
Rebound.
Alternative scenario
The downside breakout of 10.4570 would call for 10.4160 and 10.3910.
Comment
The RSI is above its neutrality area at 50. The MACD is above its signal line and negative. The MACD must break above its zero level to trigger further gains. Moreover, the price stands above its 20 period moving average (10.4889) but below its 50 period moving average (10.4953).
Supports and resistances
10.6160 **
10.5920 *
10.5680 **
10.5430
10.4907 last
10.4730
10.4570 **
10.4160 *
10.3910 **
Number of asterisks represents the strength of support and resistance levels.


