Our pivot point is at 1.0080.
: the downside prevails as long as 1.0080 is resistance.
: above 1.0080, look for 1.0110 and 1.0130.
: 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 negative and below its signal line. The configuration is negative. Moreover, the pair is trading under both its 20 and 50 MAs (respectively at 1.0086 and 1.0099).
Supports and resistances