7647097 7/13/2017 6:12 PM, EUR/PLN intraday: the downside prevails as long as 4.2398 is resistance


Our pivot point is at 4.2398.


Our preference

: the downside prevails as long as 4.2398 is resistance.


Alternative scenario

: the upside breakout of 4.2398, would call for 4.2505 and 4.2568.


Comment

: the RSI is below 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the pair is trading under both its 20 and 50 MAs (respectively at 4.2320 and 4.2330).


Supports and resistances

:

4.2568 **

4.2505 *

4.2398 **

4.2357

4.2309 last

4.2179

4.2116 **

4.2053 *

4.1989 **