EUR/RON may fall 90 - 100 pips

4.9765 is our pivot point.

Our preference

The downside prevails as long as 4.9765 is resistance.

Alternative scenario

Above 4.9765, look for 4.9782 and 4.9793.

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 4.9758 and 4.9756).

Supports and resistances

4.9793 **

4.9782 *

4.9765 **

4.9758

4.9751 last

4.9661

4.9651 **

4.9640 *

4.9630 **

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