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19.89 is our pivot point.
Our preference
The downside prevails as long as 19.89 is resistance.
Alternative scenario
The upside breakout of 19.89, would call for 19.97 and 20.01.
Comment
The RSI is below its neutrality area at 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the price stands below its 20 and 50 period moving average (respectively at 19.85 and 19.88).
Supports and resistances
20.01 **
19.97 *
19.89 **
19.87
19.83 last
19.70
19.66 **
19.61 *
19.57 **
Number of asterisks represents the strength of support and resistance levels.
