Trading Central preference: the downside prevails as long as 104.8 is resistance.
Alternative scenario: the upside breakout of 104.8 would call for 108.4 and 110.4.
Comment: the RSI is below 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the share stands below its 20 and 50 day moving average (respectively at 101.992 and 103.008).
Alternative scenario: the upside breakout of 104.8 would call for 108.4 and 110.4.
Comment: the RSI is below 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the share stands below its 20 and 50 day moving average (respectively at 101.992 and 103.008).
