Our pivot point is at 1.1106.
Our preference: rebound towards 1.1172.
Alternative scenario: below 1.1106, expect 1.1083 and 1.1070.
Comment: the RSI is below 50. The MACD is above its signal line and negative. The configuration is mixed. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 1.1131 and 1.1157).
Supports and resistances:
1.1199 **
1.1186 *
1.1172 **
1.1159
1.1127 last
1.1115
1.1106 **
1.1083 *
1.1070 **
Head of Research at TRADING CENTRAL: Rémy GAUSSENS
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Written on 08-28-2024 at 18:03 UTC+1
Price reference: 1.1127 last known on 08-28-2024 at 18:03 UTC+1
Investment horizon: INTRADAY
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