EURUSD Short
Our pivot point stands at 0.9767.
Our preference:
the downside prevails as long as 0.9767 is resistance.
Alternative scenario:
above 0.9767, look for 0.9804 and 0.9825.
Comment:
the RSI is below its neutrality area at 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the price stands below its 20 and 50 period moving average (respectively at 0.9772 and 0.9787).
Our key levels:
Pivot Last
0.9767
0.9732
Resistances Supports
0.9825
0.9804
0.9767
0.9686
0.9664
0.9643
Our preference:
the downside prevails as long as 0.9767 is resistance.
Alternative scenario:
above 0.9767, look for 0.9804 and 0.9825.
Comment:
the RSI is below its neutrality area at 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the price stands below its 20 and 50 period moving average (respectively at 0.9772 and 0.9787).
Our key levels:
Pivot Last
0.9767
0.9732
Resistances Supports
0.9825
0.9804
0.9767
0.9686
0.9664
0.9643
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