Synthesis
Pivot point : 1.0840
Our preference : long position above 1.0840 with targets at 1.0875 & 1.0890 in extension.
Alternative scenario : in case of a break of 1.0840, a continuation of the decline will be possible with 1.0820 & 1.0800 in sight.
Comment
The RSI is bullish and argues for continued progression.
| Tendency | Calculated data | ||
|---|---|---|---|
| Technical advice | Positive | Course on 09/04 | 1.0861 |
| Basic trend | Bullish | Pivot | 1.0840 |
| Bracket 1 | 1.0840 | Additional distance 1 | 0.0014 |
| Bracket 2 | 1.0820 | Additional distance 2 | 0.0029 |
| Resistance 1 | 1.0875 | Additional variation 1 | +0.13% |
| Resistance 2 | 1.0890 | Additional variation 2 | +0.27% |
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