7645470 7/13/2017 12:20 PM, EUR/PLN intraday: rebound


Our pivot point stands at 4.2217.


Our preference

: rebound.


Alternative scenario

: the downside breakout of 4.2217 would call for 4.2110 and 4.2046.


Comment

: the RSI is above its neutrality area at 50. The MACD is above its signal line and negative. The MACD must break above its zero level to trigger further gains. Moreover, the pair stands below its 20 and 50 MAs (respectively at 4.2309 and 4.2349).


Supports and resistances

:

4.2631 **

4.2567 *

4.2504 **

4.2440

4.2308 last

4.2259

4.2217 **

4.2110 *

4.2046 **