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Our pivot point is at 104.95.
Our preference
As long as 104.95 is support look for 106.07.
Alternative scenario
Below 104.95, expect 104.54 and 104.30.
Comment
The RSI is above its neutrality area at 50. The MACD is positive and below its signal line. The pair could retrace. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 105.22 and 105.03).
Supports and resistances
106.55 **
106.31 *
106.07 **
105.83
105.33 last
105.10
104.95 **
104.54 *
104.30 **
Number of asterisks represents the strength of support and resistance levels.
