Our pivot point stands at 1.0706.
Our preference: the upside prevails as long as 1.0706 is support.
Alternative scenario: the downside breakout of 1.0706 would call for 1.0690 and 1.0681.
Comment: the RSI is above 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 1.0703 and 1.0708).
Supports and resistances:
1.0767 **
1.0757 *
1.0748 **
1.0739
1.0720 last
1.0712
1.0706 **
1.0690 *
1.0681 **
Head of Research at TRADING CENTRAL: Rémy GAUSSENS
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Written on 05-02-2024 at 20:08 UTC+1
Price reference: 1.0720 last known on 05-02-2024 at 20:08 UTC+1
Investment horizon: INTRADAY
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