EUR/RON may rise to 4.9869 - 4.9921

4.9621 is our pivot point.

Our preference

The upside prevails as long as 4.9621 is support.

Alternative scenario

Below 4.9621, expect 4.9533 and 4.9480.

Comment

The RSI is above 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 4.9712 and 4.9735).

Supports and resistances

5.0027 **

4.9974 *

4.9921 **

4.9869

4.9758 last

4.9656

4.9621 **

4.9533 *

4.9480 **

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