Our pivot point stands at 69.33.
Our preference:
rebound towards 70.15.
Alternative scenario:
below 69.33, expect 69.03 and 68.86.
Comment:
the RSI is below its neutrality area at 50. The MACD is above its signal line and negative. The configuration is mixed. Moreover, the pair is trading under both its 20 and 50 MAs (respectively at 69.72 and 70.01).
Our preference:
rebound towards 70.15.
Alternative scenario:
below 69.33, expect 69.03 and 68.86.
Comment:
the RSI is below its neutrality area at 50. The MACD is above its signal line and negative. The configuration is mixed. Moreover, the pair is trading under both its 20 and 50 MAs (respectively at 69.72 and 70.01).