Bullish trade idea
pivot point is at 0.6264.
My preference
The upside prevails as long as 0.6264 is support.
Alternative scenario
Below 0.6264, expect 0.6241 and 0.6226.
Comment
The RSI is above its neutrality area at 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 0.6281 and 0.6282).
Supports and resistances
0.6359
0.6345
0.6331
0.6317
0.6287 last
0.6274
0.6264
0.6241
0.6226
My preference
The upside prevails as long as 0.6264 is support.
Alternative scenario
Below 0.6264, expect 0.6241 and 0.6226.
Comment
The RSI is above its neutrality area at 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 0.6281 and 0.6282).
Supports and resistances
0.6359
0.6345
0.6331
0.6317
0.6287 last
0.6274
0.6264
0.6241
0.6226
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