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Our pivot point stands at 109.01.
Our preference
The upside prevails as long as 109.01 is support.
Alternative scenario
Below 109.01, expect 108.70 and 108.52.
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 109.15 and 109.03).
Supports and resistances
110.22 **
110.04 *
109.85 **
109.67
109.28 last
109.13
109.01 **
108.70 *
108.52 **
Number of asterisks represents the strength of support and resistance levels.
