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Our pivot point stands at 110.59.
Our preference
Rebound towards 112.15.
Alternative scenario
Below 110.59, expect 110.06 and 109.75.
Comment
The RSI is below 50. The MACD is negative and above its signal line. The configuration is mixed. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 111.19 and 111.31).
Supports and resistances
112.77 **
112.46 *
112.15 **
111.83
111.08 last
110.79
110.59 **
110.06 *
109.75 **
Number of asterisks represents the strength of support and resistance levels.
