Our pivot point stands at 1.0562.
Our preference: the upside prevails as long as 1.0562 is support.
Alternative scenario: the downside breakout of 1.0562 would call for 1.0534 and 1.0517.
Comment: the RSI is above its neutrality area at 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the price is above its 20 and 50 period moving average (respectively at 1.0574 and 1.0543).
Supports and resistances:
1.0672 **
1.0655 *
1.0639 **
1.0622
1.0586 last
1.0573
1.0562 **
1.0534 *
1.0517 **
Head of Research at TRADING CENTRAL: Rémy GAUSSENS
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Written on 12-05-2024 at 23:47 UTC+1
Price reference: 1.0586 last known on 12-05-2024 at 23:47 UTC+1
Investment horizon: INTRADAY
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