83.695 is our pivot point.


Our preference

: the downside prevails as long as 83.695 is resistance.


Alternative scenario

: the upside breakout of 83.695, would call for 83.970 and 84.134.


Comment

: 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 83.811 and 83.747).


Supports and resistances

:

84.134 **

83.970 *

83.695 **

83.587

83.479 last

83.150

82.986 **

82.822 *

82.658 **




































Kategori: ANALISA