This pair movement not far from weekly ressistance 1 & dayly pivot. Yesterday this pair up strong but in american session down until weekly ressistance 1 level.
For technical analysis today :
ma 16 as short term trend indicator= down and had been crossing ma 96 just now.
ma 96 as medium term trend indicator= sideways
ma 480 as long term trend indicator = up
So the trend is up weak.
I predict this pair down until dayly support level 1 because 2 reason:
1.ma 16 had crossed ma 96
2.signal mrenstein oscilator in tf h1 at overbough
This is ressistance and support level today:
pivot point: 1.0024
r1: 1.0063
r2: 1.0103
r3: 1.0142
s1: 0.9984
s2: 0.9945
s3: 0.9907