Our pivot point stands at 1.0699.
Our preference: rebound towards 1.0762.
Alternative scenario: the downside breakout of 1.0699 would call for 1.0677 and 1.0663.
Comment: the RSI is below 50. The MACD is above its signal line and negative. The configuration is mixed. Moreover, the price stands below its 20 and 50 period moving average (respectively at 1.0734 and 1.0766).
Supports and resistances:
1.0789 **
1.0775 *
1.0762 **
1.0748
1.0721 last
1.0708
1.0699 **
1.0677 *
1.0663 **
Head of Research at TRADING CENTRAL: Rémy GAUSSENS
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Written on 11-08-2024 at 22:41 UTC+1
Price reference: 1.0721 last known on 11-08-2024 at 22:41 UTC+1
Investment horizon: INTRADAY
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