Our pivot point stands at 1.3048.
Our preference: as long as 1.3048 is support look for 1.3141.
Alternative scenario: the downside breakout of 1.3048 would call for 1.3013 and 1.2992.
Comment: the RSI is above its neutrality area at 50. The MACD is below its signal line and positive. The pair could retrace. Moreover, the price is below its 20 period moving average (1.3081) but above its 50 period moving average (1.3066).
Supports and resistances:
1.3183 **
1.3162 *
1.3141 **
1.3120
1.3077 last
1.3062
1.3048 **
1.3013 *
1.2992 **
Head of Research at TRADING CENTRAL: Rémy GAUSSENS
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Written on 10-15-2024 at 18:45 UTC+1
Price reference: 1.3077 last known on 10-15-2024 at 18:45 UTC+1
Investment horizon: INTRADAY
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