Our pivot point stands at 11.0460.
Our preference
The downside prevails as long as 11.0460 is resistance.
Alternative scenario
Above 11.0460, look for 11.0970 and 11.1260.
Comment
The RSI is below 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 11.0124 and 11.0336).
Supports and resistances
11.1260 **
11.0970 *
11.0460 **
11.0270
11.0028 last
10.9300
10.9000 **
10.8710 *
10.8410 **
Number of asterisks represents the strength of support and resistance levels.


