Current level at 10:04 CET is 105.08, trading above the daily pivot point level of 104.63 which has held up throughout Asian trade. Daily Bollinger and standard error bands are poised slightly to the upside. The daily MACD oscillator is above the zero line and poised to the upside. The 55 day moving average is at 102.54 and has begun to rise. The next important level to watch on the upside is the Fibonacci 38.2 percent retracement level at 106.80, measured over the 95.75 - 124.15 range. Downside levels to monitor are the Fibo 23.6 retracement at 102.75 and the daily Ichimoku cloud, currently marked out within the 102.03 - 102.37 range. Pivot point related resistance levels for today are set at 105.36 and then 106.05. Support levels are at 103.94 and then 103.20.
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