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Our pivot point is at 11.4000.
Our preference
The downside prevails as long as 11.4000 is resistance.
Alternative scenario
The upside breakout of 11.4000, would call for 11.5890 and 11.7020.
Comment
The RSI is below its neutrality area at 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the price stands below its 20 and 50 period moving average (respectively at 11.3829 and 11.5392).
Supports and resistances
11.7020 **
11.5890 *
11.4000 **
11.3260
11.2444 last
10.9990
10.8860 **
10.7740 *
10.6610 **
Number of asterisks represents the strength of support and resistance levels.
