Bearish I treat idea 38-59 pip move down

Honestly this could go either way, but we have to follow trend

pivot point is at 1.0237.

My preference

The downside prevails as long as 1.0237 is resistance.

Alternative scenario

Above 1.0237, look for 1.0269 and 1.0288.

Comment

The RSI is below 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 1.0222 and 1.0210).

Supports and resistances

1.0288 **

1.0269 *

1.0237

1.0225

1.0209 last

1.0170

1.0151

1.0132

1.0113