1.1109 is our pivot point.
Our preference: the upside prevails as long as 1.1109 is support.
Alternative scenario: below 1.1109, expect 1.1086 and 1.1072.
Comment: the RSI is above its neutrality area at 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 1.1130 and 1.1125).
Supports and resistances:
1.1220 **
1.1206 *
1.1192 **
1.1178
1.1141 last
1.1119
1.1109 **
1.1086 *
1.1072 **
Head of Research at TRADING CENTRAL: Rémy GAUSSENS
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Written on 09-18-2024 at 21:26 UTC+1
Price reference: 1.1141 last known on 09-18-2024 at 21:26 UTC+1
Investment horizon: INTRADAY
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