The big decline seen yesterday stopped by 38.2% Fibonacci at 47.25, while trading is now below moving averages.
Moving between 48.45 and 47.25 makes us neutral, while ADX and RSI are weak and that contradicts with stability above moving averages. In result, we will be neutral today.
Support: 47.25 – 46.25 – 45.00
Resistance: 48.05 – 48.45 – 49.15
Direction: Neutral