The market price is approaching the Pivot Point at 0.90750. It is observable the price dropdown from the PP towards the first support level at 0.9070.
The support (S3) rests at 0.90600 with resistance at 0.90900 which the Pivot Point at 0.90750 is located between the lines. The EMA of 10 is moving with bearish bias in the descendant channel and it is located below the EMA of 100 and above the EMA of 200. The RSI is falling towards oversold area, the MACD histogram is in negative territory and the Stochastic is showing downward momentum.
• There is resistance at 0.90800, followed by resistance at 0.90850 and 0.90900.
• There is support at 0.90700 Below, there is 0.90650 and 0.90600.
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