The downside prevails as long as 6206 is resistance
(By Swissquote TRADING CENTRAL)
Our pivot (invalidation) point is at 6206.
Our preference
The downside prevails as Long as 6206 is resistance.
Alternative scenario
The upside breakout of 6206, would call for 6383 and 6488.
Comment
The RSI is below its neutrality area at 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 6128 and 6177).
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