Our pivot point stands at 1.0846.
Our preference: as long as 1.0846 is support look for 1.0915.
Alternative scenario: the downside breakout of 1.0846 would call for 1.0822 and 1.0808.
Comment: the RSI is above 50. The MACD is positive and below its signal line. The pair could retrace. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 1.0865 and 1.0859).
Supports and resistances:
1.0944 **
1.0929 *
1.0915 **
1.0901
1.0869 last
1.0855
1.0846 **
1.0822 *
1.0808 **
Head of Research at TRADING CENTRAL: Rémy GAUSSENS
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Written on 10-31-2024 at 19:56 UTC+1
Price reference: 1.0869 last known on 10-31-2024 at 19:56 UTC+1
Investment horizon: INTRADAY
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