On the daily chart, the pair is trading in the lower Bollinger band. The price remains below the EMA50 and EMA100, but above the EMA144 that are directed horizontally. MACD histogram is in the negative zone and its volumes are unchanged. DI lines and ADX are moving down.
On the 4-hour chart, the pair is trading along the middle MA of Bollinger Bands. The price remains below the EMA50, EMA100 and EMA144 directed horizontally. MACD histogram is near the zero line and its volumes are very low. DI lines are heading down while ADX is horizontal.
Support levels: 2.9173, 2.9053, 2.8992, 2.8878, 2.8764, 2.8606, 2.7556.
Resistance levels: 2.9451, 2.9616, 2.9694, 2.9936, 3.0097, 3.0206, 3.0467, 3.0590.
Short positions can be opened from the level of 2.9173 with targets at 2.9053, 2.8764 and stop-loss at 2.9350.
Long positions can be opened from the level of 2.9400 with targets at 2.9616, 2.9700 and stop-loss at 2.9250.