Our pivot point is at 1.0430.
Our preference:
rebound towards 1.0480.
Alternative scenario:
below 1.0430, expect 1.0410 and 1.0400.
Comment:
the RSI is below its neutrality area at 50. The MACD is above its signal line and negative. The configuration is mixed. Moreover, the pair stands below its 20 and 50 MAs (respectively at 1.0447 and 1.0451).
Our preference:
rebound towards 1.0480.
Alternative scenario:
below 1.0430, expect 1.0410 and 1.0400.
Comment:
the RSI is below its neutrality area at 50. The MACD is above its signal line and negative. The configuration is mixed. Moreover, the pair stands below its 20 and 50 MAs (respectively at 1.0447 and 1.0451).