Synthesis
Pivot point : 1.0840
Our preference : short position below 1.0840 with targets at 1.0805 & 1.0790 in extension.
Alternative scenario : above 1.0840, aim for a continuation of the rise with 1.0855 & 1.0870 in sight.
Comment
Breaking 1.0805, target at 1.0790.
| Tendency | Calculated data | ||
|---|---|---|---|
| Technical advice | Neutral | Prices as of 02/23 | 1.0824 |
| Basic trend | Bullish | Pivot | 1.0840 |
| Bracket 1 | 1.0805 | Additional distance 1 | – 0.0019 |
| Bracket 2 | 1.0790 | Additional distance 2 | – 0.0034 |
| Resistance 1 | 1.0840 | Additional variation 1 | -0.18% |
| Resistance 2 | 1.0855 | Additional variation 2 | -0.31% |
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