Our pivot point stands at 0.1610.
Our preference
The downside prevails as long as 0.1610 is resistance.
Alternative scenario
The upside breakout of 0.1610, would call for 0.1659 and 0.1688.
Comment
The RSI is below 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the price stands below its 20 and 50 period moving average (respectively at 0.1579 and 0.1591).
Supports and resistances
0.1688 **
0.1659 *
0.1610 **
0.1590
0.1569 last
0.1510
0.1481 **
0.1452 *
0.1422 **
Number of asterisks represents the strength of support and resistance levels.


