Our pivot point is at 1.1180.
Our preference: technical rebound towards 1.1180 before a new drop.
Alternative scenario: above 1.1180, look for 1.1204 and 1.1218.
Comment: the RSI is above 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the price stands above its 20 period moving average (1.1160) but below its 50 period moving average (1.1162).
Supports and resistances:
1.1218 **
1.1204 *
1.1180 **
1.1171
1.1162 last
1.1134
1.1119 **
1.1105 *
1.1091 **
Head of Research at TRADING CENTRAL: Rémy GAUSSENS
TRADING CENTRAL is governed by the Code of Conduct of ANACOFI-CIF, an association approved by the Autorité des Marchés Financiers and registered with ORIAS under number 17005458.
Written on 09-21-2024 at 00:23 UTC+1
Price reference: 1.1162 last known on 09-21-2024 at 00:23 UTC+1
Investment horizon: INTRADAY
TRADING CENTRAL recommends reading the legal and regulatory information as well as the warnings concerning the information provided accessible from the following link : https://global.tradingcentral.com/www/pdf/terms_of_use_web_sites_en.pdf