Our preference: as long as 7.13 is support look for 7.74.
7.13 is our pivot point.
Our preference: as long as 7.13 is support look for 7.74.
Alternative scenario: below 7.13, expect 6.90 and 6.76.
Comment: the RSI is above its neutrality area at 50. The MACD is positive and below its signal line. The price could retrace. Moreover, the price is trading under its 20 period moving average (7.40) but above its 50 period moving average (7.21).
Supports and resistances:
8.01 **
7.88 *
7.74 **
7.60
7.33 last
7.22
7.13 **