Our pivot point is at 108.81.
Our preference
The downside prevails as long as 108.81 is resistance.
Alternative scenario
The upside breakout of 108.81, would call for 109.38 and 109.72.
Comment
The RSI is below 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the price stands below its 20 and 50 period moving average (respectively at 108.51 and 108.73).
Supports and resistances
109.72 **
109.38 *
108.81 **
108.59
108.34 last
107.52
107.18 **
106.85 *
106.51 **
Number of asterisks represents the strength of support and resistance levels.


