Our pivot point is at 1.0460.
Our preference:
as long as 1.0460 is support look for 1.0500.
Alternative scenario:
the downside breakout of 1.0460 would call for 1.0440 and 1.0430.
Comment:
the RSI is above its neutrality area at 50. The MACD is below its signal line and positive. The pair could retrace. Moreover, the pair is trading above both its 20 and 50 MAs (respectively at 1.0465 and 1.0444).
Our preference:
as long as 1.0460 is support look for 1.0500.
Alternative scenario:
the downside breakout of 1.0460 would call for 1.0440 and 1.0430.
Comment:
the RSI is above its neutrality area at 50. The MACD is below its signal line and positive. The pair could retrace. Moreover, the pair is trading above both its 20 and 50 MAs (respectively at 1.0465 and 1.0444).