Our pivot point is at 1.0801.

Our preference: rebound towards 1.0844.

Alternative scenario: below 1.0801, expect 1.0786 and 1.0778.

Comment: the RSI is below its neutrality area at 50. The MACD is negative and above its signal line. The configuration is mixed. Moreover, the price is trading above its 20 period moving average (1.0816) but under its 50 period moving average (1.0819).

Supports and resistances:

1.0861 **

1.0852 *

1.0844 **

1.0835

1.0816 last

1.0806

1.0801 **