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Our pivot point stands at 105.61.
Our preference
As long as 105.61 is support look for 106.78.
Alternative scenario
Below 105.61, expect 105.20 and 104.96.
Comment
The RSI is above 50. The MACD is positive and below its signal line. The pair could retrace. Moreover, the price is below its 20 period moving average (106.02) but above its 50 period moving average (105.91).
Supports and resistances
107.26 **
107.02 *
106.78 **
106.53
106.02 last
105.77
105.61 **
105.20 *
104.96 **
Number of asterisks represents the strength of support and resistance levels.
