Our pivot point stands at 1.0573.
Our preference: the downside prevails as long as 1.0573 is resistance.
Alternative scenario: the upside breakout of 1.0573, would call for 1.0601 and 1.0617.
Comment: the RSI is below its neutrality area at 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the price stands below its 20 and 50 period moving average (respectively at 1.0569 and 1.0561).
Supports and resistances:
1.0617 **
1.0601 *
1.0573 **
1.0562
1.0548 last
1.0513
1.0497 **
1.0480 *
1.0463 **
Head of Research at TRADING CENTRAL: Rémy GAUSSENS
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Written on 12-09-2024 at 21:56 UTC+1
Price reference: 1.0548 last known on 12-09-2024 at 21:56 UTC+1
Investment horizon: INTRADAY
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