Bearish I treat idea 38-59 pip move down
Honestly this could go either way, but we have to follow trend
pivot point is at 1.0237.
My preference
The downside prevails as long as 1.0237 is resistance.
Alternative scenario
Above 1.0237, look for 1.0269 and 1.0288.
Comment
The RSI is below 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 1.0222 and 1.0210).
Supports and resistances
1.0288 **
1.0269 *
1.0237
1.0225
1.0209 last
1.0170
1.0151
1.0132
1.0113
pivot point is at 1.0237.
My preference
The downside prevails as long as 1.0237 is resistance.
Alternative scenario
Above 1.0237, look for 1.0269 and 1.0288.
Comment
The RSI is below 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 1.0222 and 1.0210).
Supports and resistances
1.0288 **
1.0269 *
1.0237
1.0225
1.0209 last
1.0170
1.0151
1.0132
1.0113
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