Our pivot point stands at 0.8342.
Our preference:
rebound.
Alternative scenario:
the downside breakout of 0.8342 would call for 0.8319 and 0.8304.
Comment:
the RSI is above its neutrality area at 50. The MACD is above its signal line and negative. The MACD must break above its zero level to call for further upside. Moreover, the pair stands above its 20 MA (0.8365) but below its 50 MA (0.8366).
Our preference:
rebound.
Alternative scenario:
the downside breakout of 0.8342 would call for 0.8319 and 0.8304.
Comment:
the RSI is above its neutrality area at 50. The MACD is above its signal line and negative. The MACD must break above its zero level to call for further upside. Moreover, the pair stands above its 20 MA (0.8365) but below its 50 MA (0.8366).