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Our pivot point stands at 109.602.
Our preference
The upside prevails as long as 109.602 is support.
Alternative scenario
Below 109.602, expect 109.304 and 109.127.
Comment
The RSI is above 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the price is below its 20 period moving average (109.885) but above its 50 period moving average (109.840).
Supports and resistances
110.827 **
110.649 *
110.472 **
110.294
109.876 last
109.719
109.602 **
109.304 *
109.127 **
Number of asterisks represents the strength of support and resistance levels.
