Current level at 11:07 CET is 107.46, trading above the daily pivot point level of 107.10 but shying first resistance at 107.63. Second resistance is at 108.29. The daily picture remains positive despite the fact that we have reached the initial Fibonacci 38.2 percent retracement level at 106.80, measured over the entire 95.75 - 124.15 range. Daily Bollinger and standard error bands are poised to the upside and the 14 day relative strength index is at 64 percent. The falling 200 day moving average is now close at hand at 108.29. Pivot point related support levels for today are at 106.44 and then 105.91.
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