RSI has bottomed in the oversold area meaning it it set to make a new high.
stochastics is also making its way above the 20 oversold levels.
MACD is also pivoting towards the positive zone.
Hoping the bulls will send the price to the 1.39520 resistance line where price will break and continue to rally upwards.
In the bearish scenario, if the bulls fail to breach the 1.39520 level, the price may reverse to seek support near 1.37590
stochastics is also making its way above the 20 oversold levels.
MACD is also pivoting towards the positive zone.
Hoping the bulls will send the price to the 1.39520 resistance line where price will break and continue to rally upwards.
In the bearish scenario, if the bulls fail to breach the 1.39520 level, the price may reverse to seek support near 1.37590