Our pivot point stands at 0.8311.
Our preference:
as long as 0.8311 is support look for 0.8370.
Alternative scenario:
the downside breakout of 0.8311 would call for 0.8289 and 0.8276.
Comment:
the RSI is above its neutrality area at 50. The MACD is positive and below its signal line. The pair could retrace. Moreover, the pair is trading under its 20 MA (0.8331) but above its 50 MA (0.8324).
Our preference:
as long as 0.8311 is support look for 0.8370.
Alternative scenario:
the downside breakout of 0.8311 would call for 0.8289 and 0.8276.
Comment:
the RSI is above its neutrality area at 50. The MACD is positive and below its signal line. The pair could retrace. Moreover, the pair is trading under its 20 MA (0.8331) but above its 50 MA (0.8324).