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Our pivot point stands at 10.5310.
Our preference
As long as 10.5310 is support look for 10.6410.
Alternative scenario
The downside breakout of 10.5310 would call for 10.4890 and 10.4640.
Comment
The RSI is above 50. The MACD is below its signal line and positive. The pair could retrace. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 10.5643 and 10.5165).
Supports and resistances
10.6920 **
10.6670 *
10.6410 **
10.6160
10.5654 last
10.5480
10.5310 **
10.4890 *
10.4640 **
Number of asterisks represents the strength of support and resistance levels.
