1.0859 is our pivot point.
Our preference: the downside prevails as long as 1.0859 is resistance.
Alternative scenario: above 1.0859, look for 1.0881 and 1.0895.
Comment: the RSI is below its neutrality area at 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 1.0852 and 1.0859). Finally, the EUR/USD is trading below its lower Bollinger band (standing at 1.0839).
Supports and resistances:
1.0895 **
1.0881 *
1.0859 **
1.0850
1.0838 last
1.0809
1.0795 **
1.0782 *
1.0768 **
Head of Research at TRADING CENTRAL: Rémy GAUSSENS
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Written on 10-21-2024 at 16:54 UTC+1
Price reference: 1.0838 last known on 10-21-2024 at 16:54 UTC+1
Investment horizon: INTRADAY
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