Pivot: 108.80
Our preference: SHORT positions below 108.8 with 106 105 as next targets.
Alternative scenario: The upside penetration of 108.8 will call for 110.7 112.9.
Comment: as long as the resistance at 108.8 is not surpassed, the risk of the break below 106 remains high.
Trend: ST Consolidation; MT Bullish
Key levels Comment
112.9* Fib projection
110.7** Fib projection
108.8*** Intraday pivot point
106.73 Last
106** Intraday support
105** Intraday support
102.7** Intraday support
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