1.1046 is our pivot point.
Our preference: as long as 1.1046 is support look for 1.1109.
Alternative scenario: the downside breakout of 1.1046 would call for 1.1023 and 1.1010.
Comment: the RSI is above 50. The MACD is positive and below its signal line. The pair could retrace. Moreover, the pair is trading under its 20 period moving average (1.1066) but above its 50 period moving average (1.1057).
Supports and resistances:
1.1136 **
1.1122 *
1.1109 **
1.1095
1.1064 last
1.1055
1.1046 **
1.1023 *
1.1010 **
Head of Research at TRADING CENTRAL: Rémy GAUSSENS
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Written on 09-02-2024 at 18:23 UTC+1
Price reference: 1.1064 last known on 09-02-2024 at 18:23 UTC+1
Investment horizon: INTRADAY
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