USD/RON may fall 174 - 234 pips

4.5647 is our pivot point.

Our preference

Eye 4.5334.

Alternative scenario

The upside breakout of 4.5647, would call for 4.5749 and 4.5809.

Comment

The RSI is below 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the price is below its 20 period moving average (4.5585) but above its 50 period moving average (4.5558).

Supports and resistances

4.5809 **

4.5749 *

4.5647 **

4.5608

4.5568 last

4.5394

4.5334 **

4.5274 *

4.5213 **

Number of asterisks represents the strength of support and resistance levels.