1.1060 is our pivot point.
Our preference: the upside prevails as long as 1.1060 is support.
Alternative scenario: the downside breakout of 1.1060 would call for 1.1037 and 1.1023.
Comment: the RSI is above its neutrality area at 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 1.1068 and 1.1057).
Supports and resistances:
1.1149 **
1.1136 *
1.1122 **
1.1108
1.1079 last
1.1069
1.1060 **
1.1037 *
1.1023 **
Head of Research at TRADING CENTRAL: Rémy GAUSSENS
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Written on 09-04-2024 at 21:44 UTC+1
Price reference: 1.1079 last known on 09-04-2024 at 21:44 UTC+1
Investment horizon: INTRADAY
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