1.0491 is our pivot point.
Our preference: as long as 1.0491 is support look for 1.0573.
Alternative scenario: below 1.0491, expect 1.0463 and 1.0447.
Comment: the RSI is above its neutrality area at 50. The MACD is below its signal line and positive. The pair could retrace. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 1.0516 and 1.0502).
Supports and resistances:
1.0607 **
1.0590 *
1.0573 **
1.0557
1.0516 last
1.0502
1.0491 **
1.0463 *
1.0447 **
Head of Research at TRADING CENTRAL: Rémy GAUSSENS
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Written on 12-03-2024 at 18:35 UTC+1
Price reference: 1.0516 last known on 12-03-2024 at 18:35 UTC+1
Investment horizon: INTRADAY
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