The current price at the time of writing is 0.8501 and 3.6% below the falling 200 day moving average at 0.8810.
The 14 period relative strength index on the daily chart reveals bullish divergence, while the MACD_V indicator is in recovery mode. The Bollinger bandwidth is unusually narrow and suggests that a rise in volatility is on the cards.
Fibonacci retracement levels based on the recent 0.9224 to 0.8374 range suggest upside targets from the low of 0.8699 (38.2%) and then 0.8899 (61.8%).
Disclaimer
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