The current trend is downtrend and the forecast is continuation of downtrend.
While the RSI resistance #1 at 54 is not broken, the probability of price increase would be too low.
Price is below WEMA21, if price rises more, this line can act as dynamic resistance against more gains.
Relative strength index (RSI) is 31.
While the price is above the support 1.1300, beginning of uptrend is expected.
We make sure when the resistance at 1.1800 breaks.
If the support at 1.1300 is broken, the short-term forecast -beginning of uptrend- will be invalid.
There is a divergence in RSI and price between the trough at 1.15095 on 2018-05-29 and the ...