Our pivot point stands at 1.0708.
Our preference: the downside prevails as long as 1.0708 is resistance.
Alternative scenario: above 1.0708, look for 1.0723 and 1.0732.
Comment: the RSI is below its neutrality area at 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 1.0711 and 1.0721).
Supports and resistances:
1.0732 **
1.0723 *
1.0708 **
1.0702
1.0694 last
1.0675
1.0666 **
1.0657 *
1.0648 **
Head of Research at TRADING CENTRAL: Rémy GAUSSENS
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Written on 04-26-2024 at 20:02 UTC+1
Price reference: 1.0694 last known on 04-26-2024 at 20:02 UTC+1
Investment horizon: INTRADAY
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