Our pivot (invalidation) point is at 1.1634.
Our preference
The downside prevails as Long as 1.1634 is resistance.
Alternative scenario
Above 1.1634, look for 1.1647 and 1.1655.
Comment
The RSI is below 50. The MACD is negative and below its signal line. The configuration is
negative. Moreover, the pair stands below its 20 and 50 MAs (respectively at 1.1626 and
1.1625).
(By Swissquote TRADING CENTRAL)
