Our pivot point is at 1.1459.
Our preference: the upside prevails as long as 1.1459 is support
Alternative scenario: below 1.1459, expect 1.1428 and 1.1410.
Comment: the RSI is above 70. It could mean either that the price is in a lasting uptrend or just overbought and therefore bound to correct (look for bearish divergence in this case). The MACD is above its signal line and positive. The configuration is positive. Moreover, the price is above its 20 and 50 period moving average (respectively at 1.1444 and 1.1430).
Supports and resistances:
1.1583 **
1.1564 *
1.1546 **
1.1527
1.1489 last
1.1472
1.1459 **
Disclaimer: The reference points and analytical views of the trading strategies are provided by a third party provider, Trading Central, and are for the information of InnoMP investors only. These strategy views are based on the independent judgment of analysts and do not take into account the investment objectives and financial situation of each investor, and therefore do not constitute investment advice or recommendations. InnoMP cannot guarantee the accuracy, timeliness and completeness of these strategic views and does not assume any liability for any losses incurred by investors who trade on these views.