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105.16 is our pivot point.
Our preference
The upside prevails as long as 105.16 is support.
Alternative scenario
Below 105.16, expect 104.75 and 104.51.
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 105.44 and 105.35).
Supports and resistances
106.77 **
106.52 *
106.28 **
106.04
105.48 last
105.32
105.16 **
104.75 *
104.51 **
Number of asterisks represents the strength of support and resistance levels.
