Our pivot point stands at 47.12.
: the upside prevails as long as 47.12 is support.
: the downside breakout of 47.12 would call for 46.96 and 46.87.
: the RSI is trading above 70. This could mean that either the pair is in a lasting uptrend or just overbought and that therefore a correction could shape (look for bearish divergence in this case). The MACD is above its signal line and positive. The configuration is positive. Moreover, the pair is above its 20 and 50 MAs (respectively at 47.02 and 46.81).
Supports and resistances