EUR/RON may rise to 4.9823 - 4.9854

4.9708 is our pivot point.

Our preference

As long as 4.9708 is support look for 4.9854.

Alternative scenario

Below 4.9708, expect 4.9655 and 4.9624.

Comment

The RSI is above its neutrality area at 50. The MACD is positive and below its signal line. The pair could retrace. Moreover, the price is above its 20 and 50 period moving average (respectively at 4.9751 and 4.9748).

Supports and resistances

4.9916 **

4.9885 *

4.9854 **

4.9823

4.9759 last

4.9728

4.9708 **

4.9655 *

4.9624 **

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