Pivot: 107.20
Our preference: SHORT positions below 107.2 with 105.7 104.75 in sight.
Alternative scenario: The upside penetration of 107.2 will call for a rebound towards 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
106.28 Last
105.7** Intraday support
104.75** Intraday support
103.75** Intraday support
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