Our pivot point stands at 1.3160.
Our preference: rebound towards 1.3247.
Alternative scenario: the downside breakout of 1.3160 would call for 1.3127 and 1.3108.
Comment: the RSI is below 50. The MACD is negative and above its signal line. The configuration is mixed. Moreover, the price stands below its 20 and 50 period moving average (respectively at 1.3197 and 1.3226).
Supports and resistances:
1.3285 **
1.3266 *
1.3247 **
1.3227
1.3186 last
1.3172
1.3160 **
1.3127 *
1.3108 **
Head of Research at TRADING CENTRAL: Rémy GAUSSENS
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Written on 08-28-2024 at 21:46 UTC+1
Price reference: 1.3186 last known on 08-28-2024 at 21:46 UTC+1
Investment horizon: INTRADAY
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