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Our pivot point is at 11.6560.
Our preference
As long as 11.6560 is support look for 11.7430.
Alternative scenario
The downside breakout of 11.6560 would call for 11.6290 and 11.6140.
Comment
The RSI is above its neutrality area at 50. The MACD is positive and below its signal line. The pair could retrace. Moreover, the pair is trading under its 20 period moving average (11.6795) but above its 50 period moving average (11.6638).
Supports and resistances
11.7750 **
11.7590 *
11.7430 **
11.7280
11.6790 last
11.6660
11.6560 **
11.6290 *
11.6140 **
Number of asterisks represents the strength of support and resistance levels.
