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106.89 is our pivot point.
Our preference
The upside prevails as long as 106.89 is support.
Alternative scenario
Below 106.89, expect 106.25 and 105.87.
Comment
The RSI is above 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 107.32 and 107.32).
Supports and resistances
109.47 **
109.09 *
108.71 **
108.33
107.53 last
107.14
106.89 **
106.25 *
105.87 **
Number of asterisks represents the strength of support and resistance levels.
