Our pivot point is at 109.528.
Our preference
The upside prevails as long as 109.528 is support.
Alternative scenario
Below 109.528, expect 109.230 and 109.053.
Comment
The RSI is above 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 109.734 and 109.725).
Supports and resistances
110.738 **
110.561 *
110.384 **
110.206
109.771 last
109.645
109.528 **
109.230 *
109.053 **
Number of asterisks represents the strength of support and resistance levels.


