Our pivot point is at 1.6862.
Our preference:
as long as 1.6862 is support look for 1.7039.
Alternative scenario:
below 1.6862, expect 1.6813 and 1.6783.
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 above both its 20 and 50 MAs (respectively at 1.6922 and 1.6850).
Our preference:
as long as 1.6862 is support look for 1.7039.
Alternative scenario:
below 1.6862, expect 1.6813 and 1.6783.
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 above both its 20 and 50 MAs (respectively at 1.6922 and 1.6850).