Our pivot point stands at 73.19.
Our preference:
technical rebound towards 73.19 before a new drop.
Alternative scenario:
the upside breakout of 73.19, would call for 73.49 and 73.67.
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 stands above its 20 MA (72.74) but below its 50 MA (72.88).
Our preference:
technical rebound towards 73.19 before a new drop.
Alternative scenario:
the upside breakout of 73.19, would call for 73.49 and 73.67.
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 stands above its 20 MA (72.74) but below its 50 MA (72.88).