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Our pivot point is at 105.66.
Our preference
The upside prevails as long as 105.66 is support.
Alternative scenario
The downside breakout of 105.66 would call for 105.26 and 105.01.
Comment
The RSI is above its neutrality area at 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 105.89 and 105.84).
Supports and resistances
107.23 **
106.99 *
106.75 **
106.50
106.02 last
105.82
105.66 **
105.26 *
105.01 **
Number of asterisks represents the strength of support and resistance levels.
