Our pivot point is at 10.8950.
Our preference
Technical rebound towards 10.8950 before a new drop.
Alternative scenario
The upside breakout of 10.8950, would call for 11.1830 and 11.3540.
Comment
The RSI is above its neutrality area at 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the price stands above its 20 period moving average (10.4994) but below its 50 period moving average (10.6502).
Supports and resistances
11.3540 **
11.1830 *
10.8950 **
10.7810
10.6492 last
10.2660
10.0960 **
9.9250 *
9.7550 **
Number of asterisks represents the strength of support and resistance levels.


