The downside prevails.
(By Swissquote TRADING CENTRAL)
Our pivot (invalidation) point is at 1.1533.
Our preference
The downside prevails as Long as 1.1533 is resistance.
Alternative scenario
The upside breakout of 1.1533, would call for 1.1558 and 1.1573.
Comment
The RSI is below 50. The MACD is negative and below its signal line. The configuration is
negative. Moreover, the pair is trading under both its 20 and 50 MAs (respectively at 1.1518
and 1.1523).
