EURUSD
Our pivot point stands at 1.1717.
Our preference:
the upside prevails as long as 1.1717 is support.
Alternative scenario:
the downside breakout of 1.1717 would call for 1.1683 and 1.1663.
Comment:
the RSI is above its neutrality area at 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 1.1731 and 1.1714).
Our preference:
the upside prevails as long as 1.1717 is support.
Alternative scenario:
the downside breakout of 1.1717 would call for 1.1683 and 1.1663.
Comment:
the RSI is above its neutrality area at 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 1.1731 and 1.1714).
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