Breakout after small dip down
My pivot point is at 0.6888.
My preference
Rebound towards 0.6961.
Alternative scenario
Below 0.6888, expect 0.6863 and 0.6848.
The RSI is below its neutrality area at 50. The MACD is negative and above its signal line. The configuration is mixed. Moreover, the price is trading above its 20 period moving average (0.6915) but under its 50 period moving average (0.6944).
Supports and resistances
0.6991 **
0.6976 *
0.6961 **
0.6946
0.6915 last
0.6898
0.6888 **
0.6863 *
0.6848 **
My preference
Rebound towards 0.6961.
Alternative scenario
Below 0.6888, expect 0.6863 and 0.6848.
The RSI is below its neutrality area at 50. The MACD is negative and above its signal line. The configuration is mixed. Moreover, the price is trading above its 20 period moving average (0.6915) but under its 50 period moving average (0.6944).
Supports and resistances
0.6991 **
0.6976 *
0.6961 **
0.6946
0.6915 last
0.6898
0.6888 **
0.6863 *
0.6848 **
