1.0944 is our pivot point.
Our preference: the downside prevails as long as 1.0944 is resistance.
Alternative scenario: the upside breakout of 1.0944, would call for 1.0967 and 1.0981.
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 1.0935 and 1.0939). Finally, the EUR/USD has penetrated its lower Bollinger band (1.0923).
Supports and resistances:
1.0981 **
1.0967 *
1.0944 **
1.0934
1.0922 last
1.0885
1.0871 **
1.0857 *
1.0843 **
Head of Research at TRADING CENTRAL: Rémy GAUSSENS
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Written on 10-10-2024 at 17:09 UTC+1
Price reference: 1.0922 last known on 10-10-2024 at 17:09 UTC+1
Investment horizon: INTRADAY
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