Our pivot point stands at 7.67.
: the upside prevails as long as 7.67 is support.
: the downside breakout of 7.67 would call for 7.55 and 7.47.
: the RSI is trading above 70. This could mean that either the pair is in a lasting uptrend or just overbought and that therefore a correction could shape (look for bearish divergence in this case). The MACD is above its signal line and positive. The configuration is positive. Moreover, the pair is trading above both its 20 and 50 MAs (respectively at 7.70 and 7.65).
Supports and resistances