Our pivot point stands at 70.71.
Our preference:
as long as 70.71 is support look for 71.47.
Alternative scenario:
the downside breakout of 70.71 would call for 70.44 and 70.27.
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 below its 20 MA (70.98) but above its 50 MA (70.95).
Our preference:
as long as 70.71 is support look for 71.47.
Alternative scenario:
the downside breakout of 70.71 would call for 70.44 and 70.27.
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 below its 20 MA (70.98) but above its 50 MA (70.95).