Pivot: 107.70
Our preference: SHORT positions below 107.7 with 105 103.75 in sight.
Alternative scenario: The upside penetration of 107.7 will call for 108.8 110.7.
Comment: the RSI is bearish and calls for further downside.
Trend: ST Consolidation; MT Bullish
Key levels Comment
110.7** Fib projection
108.8*** Previous high
107.7** Intraday pivot point
105.92 Last
105** Intraday support
103.75** Fib retracement (61.8%)
102.7** Intraday support
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