Looking for 79-116 pip move up
136.37 is my pivot point.
My preference
Rebound towards 138.09.
Alternative scenario
The downside breakout of 136.37 would call for 135.76 and 135.39.
Comment
The RSI is below 50. The MACD is above its signal line and negative. The configuration is mixed. Moreover, the price is trading above its 20 period moving average (136.87) but under its 50 period moving average (137.41).
Supports and resistances
138.83
138.46
138.09
137.72
136.93 last
136.62
136.37
135.76
135.39
My preference
Rebound towards 138.09.
Alternative scenario
The downside breakout of 136.37 would call for 135.76 and 135.39.
Comment
The RSI is below 50. The MACD is above its signal line and negative. The configuration is mixed. Moreover, the price is trading above its 20 period moving average (136.87) but under its 50 period moving average (137.41).
Supports and resistances
138.83
138.46
138.09
137.72
136.93 last
136.62
136.37
135.76
135.39
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