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110.393 is our pivot point.
Our preference
As long as 110.393 is support look for 111.181.
Alternative scenario
Below 110.393, expect 110.108 and 109.939.
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 trading above both its 20 and 50 period moving average (respectively at 110.666 and 110.466).
Supports and resistances
111.520 **
111.351 *
111.181 **
111.012
110.673 last
110.505
110.393 **
110.108 *
109.939 **
Number of asterisks represents the strength of support and resistance levels.
