Our pivot point is at 1.0560.
Our preference: the upside prevails as long as 1.0560 is support.
Alternative scenario: below 1.0560, expect 1.0531 and 1.0515.
Comment: the RSI is above its neutrality area at 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the price is above its 20 and 50 period moving average (respectively at 1.0566 and 1.0539).
Supports and resistances:
1.0669 **
1.0652 *
1.0636 **
1.0619
1.0582 last
1.0571
1.0560 **
1.0531 *
1.0515 **
Head of Research at TRADING CENTRAL: Rémy GAUSSENS
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Written on 12-05-2024 at 22:09 UTC+1
Price reference: 1.0582 last known on 12-05-2024 at 22:09 UTC+1
Investment horizon: INTRADAY
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