Current level at 14:20 CET is 108.26, close to the daily pivot point at 108.22 and challenging the 200 day moving average, now at 108.21 for the first time since the 8th August 2007. The daily picture remains positive with Bollinger and standard error bands poised to the upside. A 14 day ADX at 20 and rising reflects the clear directional force to the upside. The next significant resistance is at 110.15 which marks the Fibonacci 50 percent retracement level of the entire 95.75 - 124.15 range. Pivot point related resistance levels for today are set at 108.56 and then 108.92. Support levels are at 107.87 and then 107.54.
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