Our pivot point is at 1.0762.
Our preference: as long as 1.0762 is support look for 1.0850.
Alternative scenario: below 1.0762, expect 1.0739 and 1.0725.
Comment: the RSI is above 50. The MACD is positive and below its signal line. The pair could retrace. Moreover, the price is above its 20 and 50 period moving average (respectively at 1.0789 and 1.0759).
Supports and resistances:
1.0878 **
1.0864 *
1.0850 **
1.0837
1.0805 last
1.0771
1.0762 **
1.0739 *
1.0725 **
Head of Research at TRADING CENTRAL: Rémy GAUSSENS
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Written on 11-07-2024 at 21:35 UTC+1
Price reference: 1.0805 last known on 11-07-2024 at 21:35 UTC+1
Investment horizon: INTRADAY
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