Our pivot point stands at 64.77.


Our preference

: the downside prevails as long as 64.77 is resistance.


Alternative scenario

: the upside breakout of 64.77, would call for 64.90 and 64.97.


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 64.72 and 64.74).


Supports and resistances

:

64.97 **

64.90 *

64.77 **

64.71

64.65 last

64.49

64.42 **

64.34 *

64.26 **




































Kategori: ANALISA