Our pivot point is at 1.1085.
Our preference: the upside prevails as long as 1.1085 is support.
Alternative scenario: the downside breakout of 1.1085 would call for 1.1062 and 1.1048.
Comment: the RSI is above 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the price is above its 20 and 50 period moving average (respectively at 1.1099 and 1.1089).
Supports and resistances:
1.1175 **
1.1162 *
1.1148 **
1.1134
1.1105 last
1.1094
1.1085 **
1.1062 *
1.1048 **
Head of Research at TRADING CENTRAL: Rémy GAUSSENS
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Written on 09-05-2024 at 21:35 UTC+1
Price reference: 1.1105 last known on 09-05-2024 at 21:35 UTC+1
Investment horizon: INTRADAY
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