EUR/USD: bullish bias above 1.0710 (AT)


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.


Although further consolidation cannot be ruled out, its scale should be limited.

Technical analysis
TendencyCalculated data
Technical adviceNeutralPrices as of 04/261.0725
Basic trendBullishPivot1.0710
Bracket 11.0710Additional distance 10.0015
Bracket 21.0695Additional distance 20.0030
Resistance 11.0740Additional variation 1+0.14%
Resistance 21.0755Additional variation 2+0.28%
Technical Analysis provided by Trading Central ©2024. Trading Central is governed by the code of conduct of ANACOFI-CIF, an association approved by the Financial Markets Authority and registered with ORIAS under number 17005458. Trading Central recommends reading the legal and regulatory information as well as the disclaimers regarding the information provided. This indicative information does not in any way constitute an inducement to sell or buy. The reader remains solely responsible for their interpretation and use of the information made available to them.

Source link -87