Our pivot point is at 0.8598.
Our preference:
as long as 0.8598 is support look for 0.8664.
Alternative scenario:
the downside breakout of 0.8598 would call for 0.8573 and 0.8559.
Comment:
the RSI is above its neutrality area at 50. The MACD is below its signal line and positive. The pair could retrace. Moreover, the pair is above its 20 and 50 MAs (respectively at 0.8618 and 0.8591).
Our preference:
as long as 0.8598 is support look for 0.8664.
Alternative scenario:
the downside breakout of 0.8598 would call for 0.8573 and 0.8559.
Comment:
the RSI is above its neutrality area at 50. The MACD is below its signal line and positive. The pair could retrace. Moreover, the pair is above its 20 and 50 MAs (respectively at 0.8618 and 0.8591).
