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XMR/USD chart - Trading View
Exchange - Binance
Support: 88.53 (21-EMA); Resistance: 97.53 (61.8% Fib)
Technical Analysis: Bias Neutral
XMR/USD extends sideways grind after being capped at 61.8% Fib.
The pair holds 21-EMA support, break below will see weakness.
'Bearish Divergence' on RSI and Stochs raises scope for downside in the pair.
Break below 21-EMA eyes 55-EMA at 78.75. Further weakness will see dip till 71.50.
Breakout above 61.8% Fib could see further gains. Next bull target above lies at 78.6% Fib at 113.89.
For details on FxWirePro's Currency Strength Index, visit http://www.fxwirepro.com/currencyindex.
