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Our pivot point is at 10.9250.
Our preference
The upside prevails as long as 10.9250 is support.
Alternative scenario
The downside breakout of 10.9250 would call for 10.8750 and 10.8450.
Comment
The RSI is above 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 10.9482 and 10.9294).
Supports and resistances
11.1140 **
11.0850 *
11.0550 **
11.0250
10.9653 last
10.9450
10.9250 **
10.8750 *
10.8450 **
Number of asterisks represents the strength of support and resistance levels.
