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Our pivot point stands at 113.94.
Our preference
As long as 113.94 is support look for 121.17.
Alternative scenario
The downside breakout of 113.94 would call for 111.23 and 109.62.
Comment
The RSI is above its neutrality area at 50. The MACD is below its signal line and positive. The pair could retrace. Moreover, the price is above its 20 and 50 period moving average (respectively at 115.89 and 114.60).
Supports and resistances
124.40 **
122.78 *
121.17 **
119.55
116.29 last
115.00
113.94 **
111.23 *
109.62 **
Number of asterisks represents the strength of support and resistance levels.
