Our pivot point stands at 1.0770.
Our preference: the downside prevails as long as 1.0770 is resistance.
Alternative scenario: the upside breakout of 1.0770, would call for 1.0792 and 1.0806.
Comment: the RSI is below its neutrality area at 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 1.0773 and 1.0786). Finally, the EUR/USD is trading below its lower Bollinger band (standing at 1.0748).
Supports and resistances:
1.0806 **
1.0792 *
1.0770 **
1.0761
1.0743 last
1.0713
1.0699 **
1.0686 *
1.0672 **
Head of Research at TRADING CENTRAL: Rémy GAUSSENS
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Written on 11-08-2024 at 16:38 UTC+1
Price reference: 1.0743 last known on 11-08-2024 at 16:38 UTC+1
Investment horizon: INTRADAY
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