Our pivot point is at 1.0480.
: the upside prevails as long as 1.0480 is support.
: the downside breakout of 1.0480 would call for 1.0450 and 1.0440.
: 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 trading above both its 20 and 50 MAs (respectively at 1.0490 and 1.0490).
Supports and resistances