Our pivot point stands at 1.0840.
Our preference: the upside prevails as long as 1.0840 is support.
Alternative scenario: the downside breakout of 1.0840 would call for 1.0817 and 1.0803.
Comment: the RSI is above its neutrality area at 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the price is above its 20 and 50 period moving average (respectively at 1.0847 and 1.0837).
Supports and resistances:
1.0930 **
1.0917 *
1.0903 **
1.0889
1.0859 last
1.0849
1.0840 **
1.0817 *
1.0803 **
Head of Research at TRADING CENTRAL: Rémy GAUSSENS
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Written on 10-18-2024 at 16:58 UTC+1
Price reference: 1.0859 last known on 10-18-2024 at 16:58 UTC+1
Investment horizon: INTRADAY
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