Our pivot point is at 0.8507.
Our preference:
rebound towards 0.8562.
Alternative scenario:
the downside breakout of 0.8507 would call for 0.8489 and 0.8479.
Comment:
the RSI is below 50. The MACD is negative and above its signal line. The configuration is mixed. Moreover, the pair stands below its 20 and 50 MAs (respectively at 0.8532 and 0.8542).
Our preference:
rebound towards 0.8562.
Alternative scenario:
the downside breakout of 0.8507 would call for 0.8489 and 0.8479.
Comment:
the RSI is below 50. The MACD is negative and above its signal line. The configuration is mixed. Moreover, the pair stands below its 20 and 50 MAs (respectively at 0.8532 and 0.8542).