Looking for bullish Continuation of 48-71 pips
1.2895 is my pivot point.
preference
As long as 1.2895 is support look for 1.2999.
Alternative scenario
Below 1.2895, expect 1.2857 and 1.2835.
The RSI is above its neutrality area at 50. The MACD is below its signal line and positive. The pair could retrace. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 1.2925 and 1.2892).
Supports and resistances
1.3044 **
1.3022 *
1.2999 **
1.2976
1.2928 last
1.2910
1.2895 **
1.2857 *
1.2835 **
preference
As long as 1.2895 is support look for 1.2999.
Alternative scenario
Below 1.2895, expect 1.2857 and 1.2835.
The RSI is above its neutrality area at 50. The MACD is below its signal line and positive. The pair could retrace. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 1.2925 and 1.2892).
Supports and resistances
1.3044 **
1.3022 *
1.2999 **
1.2976
1.2928 last
1.2910
1.2895 **
1.2857 *
1.2835 **
