Our pivot point stands at 1.0792.
Our preference: the upside prevails as long as 1.0792 is support.
Alternative scenario: the downside breakout of 1.0792 would call for 1.0769 and 1.0755.
Comment: the RSI is above its neutrality area at 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the price is above its 20 and 50 period moving average (respectively at 1.0800 and 1.0808).
Supports and resistances:
1.0884 **
1.0869 *
1.0855 **
1.0841
1.0812 last
1.0802
1.0792 **
1.0769 *
1.0755 **
Head of Research at TRADING CENTRAL: Rémy GAUSSENS
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Written on 10-29-2024 at 20:44 UTC+1
Price reference: 1.0812 last known on 10-29-2024 at 20:44 UTC+1
Investment horizon: INTRADAY
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