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106.59 is our pivot point.
Our preference
As long as 106.59 is support look for 107.56.
Alternative scenario
The downside breakout of 106.59 would call for 106.24 and 106.03.
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 106.79 and 106.60).
Supports and resistances
107.98 **
107.77 *
107.56 **
107.35
106.90 last
106.73
106.59 **
106.24 *
106.03 **
Number of asterisks represents the strength of support and resistance levels.
