Our pivot point is at 1.3096.
Our preference: under pressure below 1.3096.
Alternative scenario: the upside breakout of 1.3096, would call for 1.3131 and 1.3152.
Comment: the RSI is below 50. The MACD is below its signal line and positive. The MACD must penetrate its zero line to expect further downside. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 1.3080 and 1.3067).
Supports and resistances:
1.3152 **
1.3131 *
1.3096 **
1.3082
1.3062 last
1.3018
1.2997 **
1.2976 *
1.2955 **
Head of Research at TRADING CENTRAL: Rémy GAUSSENS
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Written on 10-15-2024 at 20:07 UTC+1
Price reference: 1.3062 last known on 10-15-2024 at 20:07 UTC+1
Investment horizon: INTRADAY
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