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Our pivot point is at 103.93.
Our preference
The upside prevails as long as 103.93 is support.
Alternative scenario
Below 103.93, expect 103.56 and 103.35.
Comment
The RSI is above 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the price is above its 20 and 50 period moving average (respectively at 104.13 and 104.06).
Supports and resistances
105.34 **
105.12 *
104.90 **
104.69
104.24 last
104.07
103.93 **
103.56 *
103.35 **
Number of asterisks represents the strength of support and resistance levels.
