Our pivot point stands at 0.5463.
Our preference:
as long as 0.5463 is support look for 0.5514. and above 0.5590
Alternative scenario:
below 0.5463, expect 0.5445 and 0.5435.
Comment:
the RSI is above its neutrality area at 50. The MACD is below its signal line and positive. The pair could retrace. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 0.5476 and 0.5461).
Our preference:
as long as 0.5463 is support look for 0.5514. and above 0.5590
Alternative scenario:
below 0.5463, expect 0.5445 and 0.5435.
Comment:
the RSI is above its neutrality area at 50. The MACD is below its signal line and positive. The pair could retrace. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 0.5476 and 0.5461).