in ANALISA by hafid zaini

7645561 7/13/2017 12:30 PM, EUR/MXN intraday: rebound


Our pivot point is at 20.2240.


Our preference

: rebound.


Alternative scenario

: the downside breakout of 20.2240 would call for 20.1057 and 20.0352.


Comment

: the RSI is above 50. The MACD is above its signal line and negative. The MACD must break above its zero level to call for further upside. Moreover, the pair stands above its 20 MA (20.3074) but below its 50 MA (20.3679).


Supports and resistances

:

20.6720 **

20.6015 *

20.5311 **

20.4606

20.3190 last

20.2705

20.2240 **

20.1057 *

20.0352 **