5.708 is our pivot point.
Our preference: the downside prevails as long as 5.608 is resistance.
Alternative scenario: above 5.708, look for 5.718 and 5.724.
Comment: the RSI is below 50. The MACD is negative and below its signal line.The configuration is negative. Moreover , the pair is trading under both its 20 and 50 MAs (respectively at 5.7332 abd 5.7547).
