Synthesis
Pivot point : 1.0935
Our preference : long position above 1.0935 with targets at 1.0980 & 1.1000 in extension.
Alternative scenario : in case of a break of 1.0935, a continuation of the decline will be possible with 1.0920 & 1.0900 in sight.
Comment
The RSI is mixed and calls for caution.
| Tendency | Calculated data | ||
|---|---|---|---|
| Technical advice | Positive | Course on 09/01 | 1.0938 |
| Basic trend | Bullish | Pivot | 1.0935 |
| Bracket 1 | 1.0935 | Additional distance 1 | 0.0042 |
| Bracket 2 | 1.0920 | Additional distance 2 | 0.0062 |
| Resistance 1 | 1.0980 | Additional variation 1 | +0.38% |
| Resistance 2 | 1.1000 | Additional variation 2 | +0.57% |
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