1.0844 is our pivot point.
Our preference: the upside prevails as long as 1.0844 is support.
Alternative scenario: the downside breakout of 1.0844 would call for 1.0820 and 1.0806.
Comment: the RSI is above 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 1.0836 and 1.0823).
Supports and resistances:
1.0934 **
1.0920 *
1.0906 **
1.0892
1.0863 last
1.0853
1.0844 **
1.0820 *
1.0806 **
Head of Research at TRADING CENTRAL: Rémy GAUSSENS
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Written on 10-30-2024 at 17:06 UTC+1
Price reference: 1.0863 last known on 10-30-2024 at 17:06 UTC+1
Investment horizon: INTRADAY
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