Our pivot point stands at 1.3124.
Our preference: target 1.3025.
Alternative scenario: above 1.3124, look for 1.3159 and 1.3180.
Comment: the RSI is below its neutrality area at 50. The MACD is positive and below its signal line. The MACD must penetrate its zero line to expect further downside. Moreover, the price is below its 20 period moving average (1.3095) but above its 50 period moving average (1.3090).
Supports and resistances:
1.3180 **
1.3159 *
1.3124 **
1.3111
1.3090 last
1.3046
1.3025 **
1.3004 *
1.2984 **
Head of Research at TRADING CENTRAL: Rémy GAUSSENS
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Written on 10-08-2024 at 16:45 UTC+1
Price reference: 1.3090 last known on 10-08-2024 at 16:45 UTC+1
Investment horizon: INTRADAY
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