Our pivot point stands at 1.0939.
Our preference: the downside prevails as long as 1.0939 is resistance.
Alternative scenario: above 1.0939, look for 1.0963 and 1.0977.
Comment: the RSI is below 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 1.0929 and 1.0936).
Supports and resistances:
1.0977 **
1.0963 *
1.0939 **
1.0930
1.0920 last
1.0887
1.0873 **
1.0859 *
1.0845 **
Head of Research at TRADING CENTRAL: Rémy GAUSSENS
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Written on 10-10-2024 at 19:57 UTC+1
Price reference: 1.0920 last known on 10-10-2024 at 19:57 UTC+1
Investment horizon: INTRADAY
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