1.1164 is our pivot point.
Our preference: the upside prevails as long as 1.1164 is support.
Alternative scenario: below 1.1164, expect 1.1141 and 1.1128.
Comment: the RSI is above 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the price is above its 20 and 50 period moving average (respectively at 1.1170 and 1.1167).
Supports and resistances:
1.1254 **
1.1240 *
1.1226 **
1.1213
1.1183 last
1.1173
1.1164 **
1.1141 *
1.1128 **
Head of Research at TRADING CENTRAL: Rémy GAUSSENS
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Written on 08-27-2024 at 22:20 UTC+1
Price reference: 1.1183 last known on 08-27-2024 at 22:20 UTC+1
Investment horizon: INTRADAY
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