Our pivot point stands at 1.1103.
Our preference: the downside prevails as long as 1.1103 is resistance.
Alternative scenario: the upside breakout of 1.1103, would call for 1.1125 and 1.1139.
Comment: the RSI is below 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the price stands below its 20 and 50 period moving average (respectively at 1.1091 and 1.1104).
Supports and resistances:
1.1139 **
1.1125 *
1.1103 **
1.1094
1.1083 last
1.1056
1.1042 **
1.1029 *
1.1015 **
Head of Research at TRADING CENTRAL: Rémy GAUSSENS
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Written on 09-06-2024 at 23:07 UTC+1
Price reference: 1.1083 last known on 09-06-2024 at 23:07 UTC+1
Investment horizon: INTRADAY
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