Technical analysis
The price touches MA(24) from below, but lower than MA(120)
The MACD signal line erased the negative zone and reached 0
The RSI is flat at 50, indicating a possible uptrend.
What the possible outcomes are
The pair almost surpassed MA(24) from below but traded beneath MA(120). The Moving Averages start to narrow, indicating the reduction of volatility. The signal line of MACD almost touches the 0 from below. The pair tend to sink under bearish pressure, but the downtrend movement gradually disappears from the Asian market.
Bulls may gain strength, and the price may rise to the 0.77315 resistance level. A breakout of that level can push the price towards 0.77760.
Contrarily, if the bears break the support at 0.76881, the pair will move towards 0.76564.
Key levels
Support 0.76881 0.76564
Resistance 0.77315 0.77760
