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Our pivot point is at 10.9680.
Our preference
The upside prevails as long as 10.9680 is support.
Alternative scenario
The downside breakout of 10.9680 would call for 10.9180 and 10.8880.
Comment
The RSI is above its neutrality area at 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 11.0003 and 11.0009).
Supports and resistances
11.1670 **
11.1370 *
11.1070 **
11.0770
11.0101 last
10.9880
10.9680 **
10.9180 *
10.8880 **
Number of asterisks represents the strength of support and resistance levels.
