0.8827 is our pivot point.

Our preference: the upside prevails as long as 0.8827 is support.

Alternative scenario: below 0.8827, expect 0.8793 and 0.8774.

Comment: the RSI is above 70. It could mean either that the pair is in a lasting uptrend or just overbought and therefore bound to correct (look for bearish divergence in this case). The MACD is above its signal line and positive. The configuration is positive. Moreover, the pair is above its 20 and 50 MAs (respectively at 0.8835 and 0.8830).

Chart Caption
   Green Lines Represent Resistances
   Red Lines Represent Support Levels
   Light Blue is a Pivot Point
   Black represents the price when the report was produced

Kategori: Analisa