Our pivot point is at 1.1082.
Our preference: as long as 1.1082 is support look for 1.1143.
Alternative scenario: the downside breakout of 1.1082 would call for 1.1059 and 1.1045.
Comment: the RSI is above 50. The MACD is below its signal line and positive. The pair could retrace. Moreover, the price is above its 20 and 50 period moving average (respectively at 1.1098 and 1.1087).
Supports and resistances:
1.1170 **
1.1157 *
1.1143 **
1.1130
1.1101 last
1.1091
1.1082 **
1.1059 *
1.1045 **
Head of Research at TRADING CENTRAL: Rémy GAUSSENS
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Written on 09-05-2024 at 19:45 UTC+1
Price reference: 1.1101 last known on 09-05-2024 at 19:45 UTC+1
Investment horizon: INTRADAY
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