Our pivot point is at 1.0850.
Our preference: as long as 1.0850 is support look for 1.0939
Alternative scenario: below 1.0850, expect 1.0820 and 1.0803.
Comment: the RSI is above its neutrality area at 50. The MACD is below its signal line and positive. The price could retrace. Moreover, the price is above its 20 and 50 period moving average (respectively at 1.0869 and 1.0858).
Supports and resistances:
1.0974 **
1.0957 *
1.0939 **
1.0921
1.0874 last
1.0861
1.0850 **
1.0820 *
1.0803 **
Head of Research at TRADING CENTRAL: Rémy GAUSSENS
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Written on 03-14-2025 at 20:39 UTC+1
Price reference: 1.0874 last known on 03-14-2025 at 20:39 UTC+1
Investment horizon: INTRADAY
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