Our pivot point is at 1.3116.
Our preference: the downside prevails as long as 1.3116 is resistance.
Alternative scenario: above 1.3116, look for 1.3151 and 1.3172.
Comment: the RSI is below its neutrality area at 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the price stands below its 20 and 50 period moving average (respectively at 1.3097 and 1.3091).
Supports and resistances:
1.3172 **
1.3151 *
1.3116 **
1.3103
1.3085 last
1.3034
1.3013 **
1.2992 *
1.2972 **
Head of Research at TRADING CENTRAL: Rémy GAUSSENS
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Written on 10-08-2024 at 19:39 UTC+1
Price reference: 1.3085 last known on 10-08-2024 at 19:39 UTC+1
Investment horizon: INTRADAY
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