Bullish trade idea for Sunday open
Pivot point stands at 1.0235.
preference
Rebound towards 1.0324.
Alternative scenario
The downside breakout of 1.0235 would call for 1.0203 and 1.0184.
Comment
The RSI is below 50. The MACD is negative and above its signal line. The configuration is mixed. Moreover, the price stands below its 20 and 50 period moving average (respectively at 1.0268 and 1.0295).
Supports and resistances
1.0362 **
1.0343 *
1.0324 **
1.0305
1.0266 last
1.0247
1.0235 **
1.0203 *
1.0184 **
preference
Rebound towards 1.0324.
Alternative scenario
The downside breakout of 1.0235 would call for 1.0203 and 1.0184.
Comment
The RSI is below 50. The MACD is negative and above its signal line. The configuration is mixed. Moreover, the price stands below its 20 and 50 period moving average (respectively at 1.0268 and 1.0295).
Supports and resistances
1.0362 **
1.0343 *
1.0324 **
1.0305
1.0266 last
1.0247
1.0235 **
1.0203 *
1.0184 **
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