Our pivot point stands at 16.0680.
Our preference
As long as 16.0680 is support look for 16.4090.
Alternative scenario
Below 16.0680, expect 15.9440 and 15.8700.
Comment
The RSI is above 50. The MACD is positive and below its signal line. The pair could retrace. Moreover, the price is trading above both its 20 and 50-period moving average (respectively at 16.1700 and 16.0950).
Supports and resistances
16.5570 **
16.4830 *
16.4090 **
16.3350
16.1757 last
16.1160
16.0680 **
15.9440 *
15.8700 **
The number of asterisks represents the strength of support and resistance