in ANALISA by hafid zaini

7640801 7/12/2017 5:09 PM, EUR/RUB intraday: the downside prevails as long as 69.850 is resistance


Our pivot point is at 69.850.


Our preference

: the downside prevails as long as 69.850 is resistance.


Alternative scenario

: the upside breakout of 69.850, would call for 70.240 and 70.480.


Comment

: the RSI is below 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the pair is trading under both its 20 and 50 MAs (respectively at 69.594 and 69.561).


Supports and resistances

:

70.480 **

70.240 *

69.850 **

69.690

69.527 last

69.050

68.810 **

68.580 *

68.340 **