1.1096 is our pivot point.
Our preference: rebound towards 1.1158.
Alternative scenario: the downside breakout of 1.1096 would call for 1.1073 and 1.1060.
Comment: the RSI is below its neutrality area at 50. The MACD is negative and above its signal line. The configuration is mixed. Moreover, the price stands below its 20 and 50 period moving average (respectively at 1.1118 and 1.1147).
Supports and resistances:
1.1185 **
1.1171 *
1.1158 **
1.1144
1.1114 last
1.1105
1.1096 **
1.1073 *
1.1060 **
Head of Research at TRADING CENTRAL: Rémy GAUSSENS
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Written on 08-28-2024 at 21:45 UTC+1
Price reference: 1.1114 last known on 08-28-2024 at 21:45 UTC+1
Investment horizon: INTRADAY
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