Our pivot point stands at 106.35.
Our preference
As long as 106.35 is support look for 107.32.
Alternative scenario
The downside breakout of 106.35 would call for 106 and 105.79.
Comment
The RSI is above 50. The MACD is below its signal line and positive. The pair could retrace. Moreover, the pair is trading under its 20 period moving average (106.71) but above its 50 period moving average (106.34).
Supports and resistances
107.73 **
107.53 *
107.32 **
107.11
106.69 last
106.49
106.35 **
106.00 *
105.79 **
Number of asterisks represents the strength of support and resistance levels.


