Synthesis
Pivot point : 1.0890
Our preference : short position below 1.0890 with targets at 1.0855 & 1.0840 in extension.
Alternative scenario : above 1.0890, aim for a continuation of the rise with 1.0905 & 1.0920 in sight.
Comment
The RSI is bearish and argues for a continuation of the correction.
| Tendency | Calculated data | ||
|---|---|---|---|
| Technical advice | Positive | Prices as of 03/19 | 1.0871 |
| Basic trend | Bullish | Pivot | 1.0890 |
| Bracket 1 | 1.0855 | Additional distance 1 | – 0.0016 |
| Bracket 2 | 1.0840 | Additional distance 2 | – 0.0031 |
| Resistance 1 | 1.0890 | Additional variation 1 | -0.15% |
| Resistance 2 | 1.0905 | Additional variation 2 | -0.29% |
Technical Analysis provided by Trading Central ©2024. Trading Central is governed by the code of good 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.