in ANALISA by hafid zaini

7640798 7/12/2017 5:08 PM, EUR/PLN intraday: the upside prevails as long as 4.2355 is support


Our pivot point is at 4.2355.


Our preference

: the upside prevails as long as 4.2355 is support.


Alternative scenario

: the downside breakout of 4.2355 would call for 4.2246 and 4.2181.


Comment

: the RSI is above 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the pair is trading above both its 20 and 50 MAs (respectively at 4.2395 and 4.2408).


Supports and resistances

:

4.2790 **

4.2725 *

4.2661 **

4.2596

4.2442 last

4.2397

4.2355 **

4.2246 *

4.2181 **