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Our pivot point is at 11.6610.
Our preference
The downside prevails as long as 11.6610 is resistance.
Alternative scenario
Above 11.6610, look for 11.6910 and 11.7080.
Comment
The RSI is below its neutrality area at 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the price stands below its 20 and 50 period moving average (respectively at 11.6683 and 11.6546).
Supports and resistances
11.7080 **
11.6910 *
11.6610 **
11.6490
11.6365 last
11.5990
11.5810 **
11.5630 *
11.5460 **
Number of asterisks represents the strength of support and resistance levels.
