Pivot: 107.90
Our preference: SHORT positions below 107.9 with 105.3 104.3 in sight.
Alternative scenario: The upside penetration of 107.9 will call for a rebound towards 109 110.
Comment: the RSI is bearish and calls for further downside.
Trend: ST Consolidation; MT Bullish
Key levels Comment
110* Intraday resistance
109** Intraday resistance
107.9** Intraday pivot point
106.52 Last
105.3** Intraday support
104.3** Intraday support
103.1** Intraday support
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