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104.836 is our pivot point.
Our preference
As long as 104.836 is support look for 108.111.
Alternative scenario
The downside breakout of 104.836 would call for 103.644 and 102.935.
Comment
The RSI is above 50. The MACD is positive and below its signal line. The pair could retrace. Moreover, the pair is trading under its 20 period moving average (106.197) but above its 50 period moving average (105.330).
Supports and resistances
109.532 **
108.821 *
108.111 **
107.400
105.920 last
105.304
104.836 **
103.644 *
102.935 **
Number of asterisks represents the strength of support and resistance levels.
