Our pivot point stands at 1.7035.
: the downside prevails as long as 1.7035 is resistance.
: above 1.7035, look for 1.7089 and 1.7121.
: the RSI is trading below 30. This could mean that either the pair is in a lasting downtrend or just oversold and that therefore a rebound could shape (look for bullish divergence in this case). The MACD is below its signal line and negative. The configuration is negative. Moreover, the pair stands below its 20 and 50 MAs (respectively at 1.7071 and 1.7080).
Supports and resistances