Despite the rejection at the 10-DMA in early Asia and a subsequent drop to 1.2153, the outlook remains neutral; given the strong support around 1.2132 still holds. The daily MACD shows loss of bearish momentum as well.
Only a daily close below 1.2132 would open doors for a drop to 1.2040.
On the higher side, a daily close above the 10-DMA would signal the spot has bottomed out.
Only a daily close below 1.2132 would open doors for a drop to 1.2040.
On the higher side, a daily close above the 10-DMA would signal the spot has bottomed out.
