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Our pivot point is at 98.18.
Our preference
As long as 98.18 is support look for 100.01.
Alternative scenario
The downside breakout of 98.18 would call for 97.52 and 97.13.
Comment
The RSI is above its neutrality area at 50. The MACD is positive and below its signal line. The pair could retrace. Moreover, the price is above its 20 and 50 period moving average (respectively at 98.64 and 98.22).
Supports and resistances
100.79 **
100.40 *
100.01 **
99.62
98.70 last
98.43
98.18 **
97.52 *
97.13 **
Number of asterisks represents the strength of support and resistance levels.
