in ANALISA by hafid zaini

7645487 7/13/2017 12:21 PM, EUR/TRY intraday: rebound


Our pivot point stands at 4.0668.


Our preference

: rebound.


Alternative scenario

: the downside breakout of 4.0668 would call for 4.0499 and 4.0398.


Comment

: the RSI is above 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 above its 20 MA (4.0798) but below its 50 MA (4.0976).


Supports and resistances

:

4.1321 **

4.1221 *

4.1120 **

4.1020

4.0809 last

4.0734

4.0668 **

4.0499 *

4.0398 **