Our pivot point stands at 0.8417.
Our preference:
as long as 0.8417 is support look for 0.8484.
Alternative scenario:
below 0.8417, expect 0.8393 and 0.8379.
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 above its 20 and 50 MAs (respectively at 0.8437 and 0.8414).
Our preference:
as long as 0.8417 is support look for 0.8484.
Alternative scenario:
below 0.8417, expect 0.8393 and 0.8379.
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 above its 20 and 50 MAs (respectively at 0.8437 and 0.8414).