3.7010 is our pivot point.
: the upside prevails as long as 3.7010 is support.
: the downside breakout of 3.7010 would call for 3.6872 and 3.6791.
: the RSI is above 70. It could mean either that the pair is in a lasting uptrend or just overbought and therefore bound to correct (look for bearish divergence in this case). The MACD is positive and above its signal line. The configuration is positive. Moreover, the pair is above its 20 and 50 MAs (respectively at 3.7046 and 3.7055).
Supports and resistances