The price is now moving upward after respecting a solid support zone. To validate the bullish position, we might look for a breakthrough above the upper end of the range.
The support rests at 0.92610 with resistance at 0.92820. The pivot point at 0.92700 is located above the price line. The EMA of 10 is moving with a bullish bias above the EMA of 200 and the EMA of 100 which are showing a horizontal state. Stochastic is moving in the high ranges. The RSI is moving toward the level of 70 and the ADX is showing an upward signal. The MACD histogram is in positive territory with the signals showing an upward momentum.

• There is resistance at 0.92820, followed by resistance at 0.92910 and 0.93030.
• There is support at 0.92610. Below, there is 0.92490 and 0.92400.

Note: We do not suggest any investment advice, and these analyses are just to increase the traders’ awareness but not a certain instruction for trading.

chf