Synthesis
Pivot point : 1.0710
Our preference : long position above 1.0710 with targets at 1.0740 & 1.0755 in extension.
Alternative scenario : in case of a break of 1.0710, a continuation of the decline will be possible with 1.0695 & 1.0675 in sight.
Comment
Although further consolidation cannot be ruled out, its scale should be limited.
| Tendency | Calculated data | ||
|---|---|---|---|
| Technical advice | Neutral | Prices as of 04/26 | 1.0725 |
| Basic trend | Bullish | Pivot | 1.0710 |
| Bracket 1 | 1.0710 | Additional distance 1 | 0.0015 |
| Bracket 2 | 1.0695 | Additional distance 2 | 0.0030 |
| Resistance 1 | 1.0740 | Additional variation 1 | +0.14% |
| Resistance 2 | 1.0755 | Additional variation 2 | +0.28% |
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