Our pivot point is at 1.1103.
Our preference: the downside prevails as long as 1.1103 is resistance.
Alternative scenario: above 1.1103, look for 1.1124 and 1.1137.
Comment: the RSI is below its neutrality area at 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 1.1103 and 1.1125).
Supports and resistances:
1.1137 **
1.1124 *
1.1103 **
1.1095
1.1079 last
1.1031
1.1019 **
1.1007 *
1.0994 **
Head of Research at TRADING CENTRAL: Rémy GAUSSENS
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Written on 10-01-2024 at 16:29 UTC+1
Price reference: 1.1079 last known on 10-01-2024 at 16:29 UTC+1
Investment horizon: INTRADAY
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