Our pivot point stands at 1.1020.
Our preference: rebound towards 1.1081.
Alternative scenario: the downside breakout of 1.1020 would call for 1.0997 and 1.0983.
Comment: the RSI is below 50. The MACD is above its signal line and negative. The configuration is mixed. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 1.1043 and 1.1063).
Supports and resistances:
1.1108 **
1.1095 *
1.1081 **
1.1067
1.1040 last
1.1029
1.1020 **
1.0997 *
1.0983 **
Head of Research at TRADING CENTRAL: Rémy GAUSSENS
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Written on 09-09-2024 at 21:48 UTC+1
Price reference: 1.1040 last known on 09-09-2024 at 21:48 UTC+1
Investment horizon: INTRADAY
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