Synthesis
Pivot point : 1.0735
Our preference : long position above 1.0735 with targets at 1.0760 & 1.0775 in extension.
Alternative scenario : in the event of a break of 1.0735, a continuation of the decline will be possible with 1.0720 & 1.0705 in sight.
Comment
The RSI is arguing for a rebound.
| Tendency | Calculated data | ||
|---|---|---|---|
| Technical advice | Neutral | Course on 09/05 | 1.0749 |
| Basic trend | Bullish | Pivot | 1.0735 |
| Bracket 1 | 1.0735 | Additional distance 1 | 0.0011 |
| Bracket 2 | 1.0720 | Additional distance 2 | 0.0026 |
| Resistance 1 | 1.0760 | Additional variation 1 | +0.10% |
| Resistance 2 | 1.0775 | Additional variation 2 | +0.24% |
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