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111.93 is our pivot point.
Our preference
The downside prevails as long as 111.93 is resistance.
Alternative scenario
Above 111.93, look for 112.44 and 112.74.
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 is trading under both its 20 and 50 period moving average (respectively at 111.85 and 112.16).
Supports and resistances
112.74 **
112.44 *
111.93 **
111.73
111.37 last
110.75
110.45 **
110.15 *
109.84 **
Number of asterisks represents the strength of support and resistance levels.
