1.3144 is our pivot point.
Our preference: the upside prevails as long as 1.3144 is support.
Alternative scenario: the downside breakout of 1.3144 would call for 1.3113 and 1.3094.
Comment: the RSI is above its neutrality area at 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the price is above its 20 and 50 period moving average (respectively at 1.3168 and 1.3156).
Supports and resistances:
1.3269 **
1.3250 *
1.3231 **
1.3213
1.3173 last
1.3156
1.3144 **
1.3113 *
1.3094 **
Head of Research at TRADING CENTRAL: Rémy GAUSSENS
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Written on 09-05-2024 at 21:39 UTC+1
Price reference: 1.3173 last known on 09-05-2024 at 21:39 UTC+1
Investment horizon: INTRADAY
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