Our pivot point is at 139.73.
Our preference
Target 137.45.
Alternative scenario
The upside breakout of 139.73, would call for 140.60 and 141.13.
Comment
The RSI is below its neutrality area at 50. The MACD is below its signal line and positive. The MACD must penetrate its zero line to expect further downside. Moreover, the pair is trading under its 20 period moving average (139.20) but above its 50 period moving average (138.93).
Supports and resistances
141.13 **
140.60 *
139.73 **
139.38
139.03 last
137.97
137.45 **
136.93 *
136.41 **
Our preference
Target 137.45.
Alternative scenario
The upside breakout of 139.73, would call for 140.60 and 141.13.
Comment
The RSI is below its neutrality area at 50. The MACD is below its signal line and positive. The MACD must penetrate its zero line to expect further downside. Moreover, the pair is trading under its 20 period moving average (139.20) but above its 50 period moving average (138.93).
Supports and resistances
141.13 **
140.60 *
139.73 **
139.38
139.03 last
137.97
137.45 **
136.93 *
136.41 **