Prices remain in consolidation mode below resistance at 106.74, the 23.6% Fibonacci expansion.A daily close above this barrier initially targets the 38.2% level at 108.04. Alternatively, a reversal below support in the 104.84-105.19 area – marked by a rising trend line set from early May and the March 3 high – exposes the 38.2% Fib retracement at 104.24.
