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Our pivot point stands at 10.3920.
Our preference
The upside prevails as long as 10.3920 is support.
Alternative scenario
The downside breakout of 10.3920 would call for 10.3490 and 10.3230.
Comment
The RSI is above 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 10.4161 and 10.4016).
Supports and resistances
10.5720 **
10.5470 *
10.5210 **
10.4960
10.4279 last
10.4090
10.3920 **
10.3490 *
10.3230 **
Number of asterisks represents the strength of support and resistance levels.
