Pivot: 104.40
Our preference: SHORT positions below 104.4 with 101.9 100.85 as next targets.
Alternative scenario: The upside breakout of 104.4 will open the way to 105 105.6.
Comment: the RSI is badly directed.
Trend: ST Consolidation; MT Bullish
Key levels Comment
105.6** Fib retracement (50%)
105** Fib retracement (38.2%)
104.4** Intraday pivot point
103.14 Last
101.9** Intraday support
100.85** Intraday support
99.65** Intraday support
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