On the daily chart, the pair is trading in the area of the upper MA of Bollinger Bands. The price is above the EMA50, EMA100 and EMA144, all directed horizontally. The MACD histogram is in the positive zone, its volumes are growing. The DI lines are directed down, ADX is growing.
On the 4-hour chart, the pair is trading between the upper and the middle MAs of Bollinger Bands. The price is above the EMA50, EMA100 and EMA144, all directed up. The MACD histogram is in the positive zone, its volumes are gradually falling. ADX is falling, the DI lines are crossing over each other and directed down.
Support and resistance
Support levels: 14.95, 14.70, 14.52, 14.37, 14.25, 13.99, 13.78, 13.68, 13.53.
Resistance levels: 15.29, 15.43, 15.56, 15.85, 15.95, 16.13, 16.34.
Short positions can be opened from the current level with targets at 14.95, 14.85 and stop-loss at 15.30.
Long positions can be opened from the level of 15.40 with targets at 15.56, 15.90 and stop-loss at 15.30.
Validity – 2-3- days.