of 108.95. Good support is seen just above 107.00, with 107.11 seen marking the bottom of the consolidation area.
The outlook is bearish.
Support: 108.03 (overnight low), 107.11 (May 8 low), 106.69 (April 18 low; 7-week low), 105.80 (38.2% Fibonacci retracement level of May 1999-October 2000 downtrend), 104.15 (Feb. 16 trough; year's low).
Resistance: 108.95 (overnight high), 109.08 (20-day moving average), 109.09 (100-day moving average), 109.52 (60-day moving average), 111.02 (50% Fibonacci retracement level of May 1999-October 2000 downtrend), 112.03 (50% Fibonacci retracement level of the January 1999-October 2000 downtrend), 112.15 (April 27 peak), 113.71 (April 4 high; 17-month high).