109.755 is our pivot point.
Our preference
The upside prevails as long as 109.755 is support.
Alternative scenario
The downside breakout of 109.755 would call for 109.472 and 109.303.
Comment
The RSI is above its neutrality area at 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 109.929 and 109.922).
Supports and resistances
110.881 **
110.713 *
110.544 **
110.376
110.029 last
109.866
109.755 **
109.472 *
109.303 **
Number of asterisks represents the strength of support and resistance levels.


