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Our pivot point stands at 111.20.
Our preference
The upside prevails as long as 111.20 is support.
Alternative scenario
The downside breakout of 111.20 would call for 110.68 and 110.36.
Comment
The RSI is above its neutrality area at 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 111.42 and 111.53).
Supports and resistances
113.31 **
112.99 *
112.68 **
112.36
111.62 last
111.41
111.20 **
110.68 *
110.36 **
Number of asterisks represents the strength of support and resistance levels.
