Our pivot point is at 1.3138.
Our preference: as long as 1.3138 is support look for 1.3229.
Alternative scenario: the downside breakout of 1.3138 would call for 1.3107 and 1.3088.
Comment: the RSI is above its neutrality area at 50. The MACD is positive and below its signal line. The pair could retrace. Moreover, the price is above its 20 and 50 period moving average (respectively at 1.3163 and 1.3152).
Supports and resistances:
1.3266 **
1.3248 *
1.3229 **
1.3210
1.3172 last
1.3150
1.3138 **
1.3107 *
1.3088 **
Head of Research at TRADING CENTRAL: Rémy GAUSSENS
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Written on 09-05-2024 at 18:31 UTC+1
Price reference: 1.3172 last known on 09-05-2024 at 18:31 UTC+1
Investment horizon: INTRADAY
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