Pivot: 1.0775
Our preference: short positions below 1.0775 with targets at 1.0740 & 1.0725 in extension.
Alternative scenario: above 1.0775 look for further upside with 1.0790 & 1.0810 as targets.
Comment: as long as 1.0775 is resistance, look for choppy price action with a bearish bias.
Supports and resistances:
1.0810
1.0790
1.0775
1.0761 Last
1.0740
1.0725
1.0705
Head of Research at TRADING CENTRAL: Rémy GAUSSENS
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Written on 05-07-2024 at 09:16 UTC+1
Price reference: 1.0761 last known on 05-07-2024 at 09:16 UTC+1
Investment horizon: INTRADAY
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