Our pivot (invalidation) point is at 1.1652.
Our preference Rebound towards 1.1707.
Alternative scenario The downside breakout of 1.1652 would call for 1.1631 and 1.1619.
Comment The RSI is below 50. The MACD is above its signal line and negative. The configuration is mixed. Moreover, the pair is trading under both its 20 and 50 MAs (respectively at 1.1673 and 1.1687).
