Bullish trade idea based on trend 34-51 pips
My pivot point is at 0.9767.
My preference
The upside prevails as long as 0.9767 is support.
Alternative scenario
The downside breakout of 0.9767 would call for 0.9738 and 0.9721.
The RSI is above 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 0.9786 and 0.9785).
Supports and resistances
0.9878
0.9860
0.9843
0.9826
0.9792 last
0.9778
0.9767
0.9738
0.9721
My preference
The upside prevails as long as 0.9767 is support.
Alternative scenario
The downside breakout of 0.9767 would call for 0.9738 and 0.9721.
The RSI is above 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 0.9786 and 0.9785).
Supports and resistances
0.9878
0.9860
0.9843
0.9826
0.9792 last
0.9778
0.9767
0.9738
0.9721
