Our pivot point stands at 106.109.
Our preference
The downside prevails as long as 106.109 is resistance.
Alternative scenario
The upside breakout of 106.109, would call for 106.344 and 106.484.
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 105.968 and 105.962).
Supports and resistances
106.484 **
106.344 *
106.109 **
106.016
105.903 last
105.564
105.424 **
105.284 *
105.144 **
Number of asterisks represents the strength of support and resistance levels.


