Our pivot point is at 1.0875.
Our preference: the downside prevails as long as 1.0875 is resistance.
Alternative scenario: the upside breakout of 1.0875, would call for 1.0899 and 1.0913.
Comment: the RSI is below 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the price is trading under both 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
1.0852 last
1.0822
1.0808 **
1.0793 *
1.0779 **
Head of Research at TRADING CENTRAL: Rémy GAUSSENS
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Written on 11-01-2024 at 17:59 UTC+1
Price reference: 1.0852 last known on 11-01-2024 at 17:59 UTC+1
Investment horizon: INTRADAY
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