Our pivot point is at 1.3118.
Our preference: as long as 1.3118 is support look for 1.3204.
Alternative scenario: below 1.3118, expect 1.3087 and 1.3069.
Comment: the RSI is above its neutrality area at 50. The MACD is below its signal line and positive. The pair could retrace. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 1.3135 and 1.3121).
Supports and resistances:
1.3242 **
1.3223 *
1.3204 **
1.3186
1.3143 last
1.3131
1.3118 **
1.3087 *
1.3069 **
Head of Research at TRADING CENTRAL: Rémy GAUSSENS
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Written on 09-04-2024 at 21:45 UTC+1
Price reference: 1.3143 last known on 09-04-2024 at 21:45 UTC+1
Investment horizon: INTRADAY
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