1.0716 is our pivot point.
Our preference: rebound towards 1.0778.
Alternative scenario: the downside breakout of 1.0716 would call for 1.0693 and 1.0679.
Comment: the RSI is below 50. The MACD is above its signal line and negative. The configuration is mixed. Moreover, the price stands above its 20 period moving average (1.0725) but below its 50 period moving average (1.0778).
Supports and resistances:
1.0805 **
1.0792 *
1.0778 **
1.0765
1.0733 last
1.0724
1.0716 **
1.0693 *
1.0679 **
Head of Research at TRADING CENTRAL: Rémy GAUSSENS
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Written on 11-06-2024 at 21:57 UTC+1
Price reference: 1.0733 last known on 11-06-2024 at 21:57 UTC+1
Investment horizon: INTRADAY
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