Our pivot point stands at 1.0849.
Our preference: the upside prevails as long as 1.0849 is support.
Alternative scenario: below 1.0849, expect 1.0826 and 1.0812.
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 1.0866 and 1.0859).
Supports and resistances:
1.0946 **
1.0932 *
1.0918 **
1.0904
1.0869 last
1.0859
1.0849 **
1.0826 *
1.0812 **
Head of Research at TRADING CENTRAL: Rémy GAUSSENS
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Written on 10-31-2024 at 20:26 UTC+1
Price reference: 1.0869 last known on 10-31-2024 at 20:26 UTC+1
Investment horizon: INTRADAY
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