The downside prevails.
(By Swissquote TRADING CENTRAL)
Our pivot (invalidation) point stands at 1.1528.
Our preference
The downside prevails as Long as 1.1528 is resistance.
Alternative scenario
The upside breakout of 1.1528, would call for 1.1552 and 1.1567.
Comment
The RSI is below 50. The MACD is below its signal line and negative. The configuration is
negative. Moreover, the pair is trading under both its 20 and 50 MAs (respectively at 1.1509
and 1.1510).
