Our pivot point is at 1.1305.
Our preference: as long as 1.1305 is support look for 1.1427
Alternative scenario: below 1.1305, expect 1.1274 and 1.1256.
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 below its 20 period moving average (1.1352) but above its 50 period moving average (1.1283).
Supports and resistances:
1.1464 **
1.1446 *
1.1427 **
1.1409
1.1339 last
1.1317
1.1305 **
1.1274 *
1.1256 **
Head of Research at TRADING CENTRAL: Rémy GAUSSENS
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Written on 04-11-2025 at 17:23 UTC+1
Price reference: 1.1339 last known on 04-11-2025 at 17:23 UTC+1
Investment horizon: INTRADAY
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