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Our pivot point is at 114.63.
Our preference
The upside prevails as long as 114.63 is support.
Alternative scenario
The downside breakout of 114.63 would call for 114.22 and 113.98.
Comment
The RSI is above 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the price is above its 20 and 50 period moving average (respectively at 114.89 and 114.86).
Supports and resistances
116.18 **
115.94 *
115.70 **
115.46
114.97 last
114.78
114.63 **
114.22 *
113.98 **
Number of asterisks represents the strength of support and resistance levels.
