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Our pivot point is at 108.10.
Our preference
As long as 108.10 is support look for 109.70.
Alternative scenario
The downside breakout of 108.10 would call for 107.52 and 107.18.
Comment
The RSI is above 50. The MACD is below its signal line and positive. The pair could retrace. Moreover, the price is below its 20 period moving average (108.73) but above its 50 period moving average (108.56).
Supports and resistances
110.39 **
110.04 *
109.70 **
109.35
108.66 last
108.33
108.10 **
107.52 *
107.18 **
Number of asterisks represents the strength of support and resistance levels.
