8.79 is our pivot point.
: the downside prevails as long as 8.79 is resistance.
: above 8.79, look for 8.81 and 8.83.
: the RSI is below 30. It could either mean that the pair is in a lasting downtrend or just oversold and therefore bound to retrace (look for bullish divergence in this case). The MACD is negative and below its signal line. The configuration is negative. Moreover, the pair is trading under both its 20 and 50 MAs (respectively at 8.79 and 8.78).
Supports and resistances