Alternative scenario: the downside breakout of 128.79 would call for 128.22 and 127.88.
Our pivot point stands at 128.79.
Our preference: the upside prevails as long as 128.79 is support.
Alternative scenario: the downside breakout of 128.79 would call for 128.22 and 127.88.
Comment: the RSI is above its neutrality area at 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the pair is trading above both its 20 and 50 MAs (respectively at 129.19 and 129.23).
Supports and resistances:
131.04 **
130.70 *
130.36 **
130.02
129.30 last
129.02
128.79 **
128.22 *
127.88 **
