Pivot: 1.0525
Our preference: short positions below 1.0525 with targets at 1.0480 & 1.0460 in extension.
Alternative scenario: above 1.0525 look for further upside with 1.0545 & 1.0565 as targets.
Comment: as long as 1.0525 is resistance, look for choppy price action with a bearish bias.
Supports and resistances:
1.0565
1.0545
1.0525
1.0500 Last
1.0480
1.0460
1.0430
Head of Research at TRADING CENTRAL: Rémy GAUSSENS
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Written on 12-03-2024 at 00:51 UTC+1
Price reference: 1.0500 last known on 12-03-2024 at 00:51 UTC+1
Investment horizon: INTRADAY
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