Pivot: 1.1200
Our preference: short positions below 1.1200 with targets at 1.0810 & 1.0775 in extension.
Alternative scenario: above 1.1200 look for further upside with 1.1275 & 1.1380 as targets.
Comment: the RSI is bearish and calls for further decline.
Supports and resistances:
1.1380
1.1275
1.1200
1.0875 Last
1.0810
1.0775
1.0670
Head of Research at TRADING CENTRAL: Rémy GAUSSENS
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Written on 10-16-2024 at 09:39 UTC+1
Price reference: 1.0875 last known on 10-16-2024 at 09:39 UTC+1
Investment horizon: ST
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