Our pivot point stands at 1.0871.
Our preference: the upside prevails as long as 1.0871 is support.
Alternative scenario: the downside breakout of 1.0871 would call for 1.0848 and 1.0834.
Comment: the RSI is above 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the price is above its 20 and 50 period moving average (respectively at 1.0893 and 1.0886).
Supports and resistances:
1.0975 **
1.0961 *
1.0947 **
1.0934
1.0900 last
1.0880
1.0871 **
1.0848 *
1.0834 **
Head of Research at TRADING CENTRAL: Rémy GAUSSENS
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Written on 11-05-2024 at 16:29 UTC+1
Price reference: 1.0900 last known on 11-05-2024 at 16:29 UTC+1
Investment horizon: INTRADAY
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