Pivot: 107.20
Our preference: SHORT positions below 107.2 with 105.7 104.75 as next targets.
Alternative scenario: The upside breakout of 107.2 will open the way to 107.8 108.9.
Comment: the RSI is capped by a bearish trend line.
Trend: ST Bullish; MT Bullish
Key levels Comment
108.9*** Previous high
107.8* Fib retracement (61.8%)
107.2* Intraday pivot point
106.2 Last
105.7** Intraday support
104.75** Intraday support
103.75** Intraday support
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