Our pivot point stands at 1.0875.
Our preference: the downside prevails as long as 1.0875 is resistance.
Alternative scenario: above 1.0875, look for 1.0899 and 1.0913.
Comment: the RSI is below 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 1.0864 and 1.0871).
Supports and resistances:
1.0913 **
1.0899 *
1.0875 **
1.0866
1.0851 last
1.0819
1.0805 **
1.0791 *
1.0777 **
Head of Research at TRADING CENTRAL: Rémy GAUSSENS
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Written on 11-01-2024 at 17:59 UTC+1
Price reference: 1.0851 last known on 11-01-2024 at 17:59 UTC+1
Investment horizon: INTRADAY
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