Our pivot point stands at 1.0821.
Our preference: the downside prevails as long as 1.0821 is resistance.
Alternative scenario: the upside breakout of 1.0821, would call for 1.0844 and 1.0857.
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 stands below its 20 and 50 period moving average (respectively at 1.0822 and 1.0823).
Supports and resistances:
1.0857 **
1.0844 *
1.0821 **
1.0813
1.0803 last
1.0775
1.0762 **
1.0748 *
1.0735 **
Head of Research at TRADING CENTRAL: Rémy GAUSSENS
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Written on 10-25-2024 at 19:45 UTC+1
Price reference: 1.0803 last known on 10-25-2024 at 19:45 UTC+1
Investment horizon: INTRADAY
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