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Our pivot point is at 104.83.
Our preference
As long as 104.83 is support look for 105.92.
Alternative scenario
The downside breakout of 104.83 would call for 104.43 and 104.19.
Comment
The RSI is above 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 105.12 and 104.87).
Supports and resistances
106.40 **
106.16 *
105.92 **
105.68
105.19 last
104.99
104.83 **
104.43 *
104.19 **
Number of asterisks represents the strength of support and resistance levels.
