1.1104 is our pivot point.
Our preference: the downside prevails as long as 1.1104 is resistance.
Alternative scenario: the upside breakout of 1.1104, would call for 1.1127 and 1.1141.
Comment: the RSI is below 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 1.1105 and 1.1108). Finally, the EUR/USD has penetrated its lower Bollinger band (1.1078).
Supports and resistances:
1.1141 **
1.1127 *
1.1104 **
1.1095
1.1074 last
1.1044
1.1030 **
1.1016 *
1.1003 **
Head of Research at TRADING CENTRAL: Rémy GAUSSENS
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Written on 09-06-2024 at 18:33 UTC+1
Price reference: 1.1074 last known on 09-06-2024 at 18:33 UTC+1
Investment horizon: INTRADAY
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