Our pivot point stands at 1.3066.
Our preference: the downside prevails as long as 1.3066 is resistance.
Alternative scenario: the upside breakout of 1.3066, would call for 1.3101 and 1.3122.
Comment: the RSI is below 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 1.3063 and 1.3067).
Supports and resistances:
1.3122 **
1.3101 *
1.3066 **
1.3052
1.3034 last
1.2980
1.2959 **
1.2939 *
1.2918 **
Head of Research at TRADING CENTRAL: Rémy GAUSSENS
TRADING CENTRAL is governed by the Code of Conduct of ANACOFI-CIF, an association approved by the Autorité des Marchés Financiers and registered with ORIAS under number 17005458.
Written on 10-10-2024 at 19:30 UTC+1
Price reference: 1.3034 last known on 10-10-2024 at 19:30 UTC+1
Investment horizon: INTRADAY
TRADING CENTRAL recommends reading the legal and regulatory information as well as the warnings concerning the information provided accessible from the following link : https://global.tradingcentral.com/www/pdf/terms_of_use_web_sites_en.pdf