Synthesis
Pivot point : 1.0835
Our preference : long position above 1.0835 with targets at 1.0870 & 1.0885 in extension.
Alternative scenario : in the event of a break of 1.0835, a continuation of the decline will be possible with 1.0820 & 1.0805 in sight.
Comment
The RSI is bullish and argues for a continuation of the rise.
| Tendency | Calculated data | ||
|---|---|---|---|
| Technical advice | Neutral | Course on 05/03 | 1.0857 |
| Basic trend | Bullish | Pivot | 1.0835 |
| Bracket 1 | 1.0835 | Additional distance 1 | 0.0013 |
| Bracket 2 | 1.0820 | Additional distance 2 | 0.0028 |
| Resistance 1 | 1.0870 | Additional variation 1 | +0.12% |
| Resistance 2 | 1.0885 | Additional variation 2 | +0.26% |
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