Our pivot point is at 1.0928.
Our preference: the downside prevails as long as 1.0928 is resistance.
Alternative scenario: the upside breakout of 1.0928, would call for 1.0951 and 1.0965.
Comment: the RSI is below 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 1.0930 and 1.0936). Finally, the EUR/USD has penetrated its lower Bollinger band (1.0910).
Supports and resistances:
1.0965 **
1.0951 *
1.0928 **
1.0918
1.0907 last
1.0872
1.0858 **
1.0844 *
1.0830 **
Head of Research at TRADING CENTRAL: Rémy GAUSSENS
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Written on 10-10-2024 at 19:29 UTC+1
Price reference: 1.0907 last known on 10-10-2024 at 19:29 UTC+1
Investment horizon: INTRADAY
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