Our pivot point is at 1.3038.
Our preference: look for a drop towards 1.3038 before a bounce.
Alternative scenario: below 1.3038, expect 1.3003 and 1.2982.
Comment: the RSI is above 50. The MACD is below its signal line and negative. The penetration of 50 on the RSI would call for further downside. Moreover, the price is below its 20 period moving average (1.3077) but above its 50 period moving average (1.3068).
Supports and resistances:
1.3180 **
1.3159 *
1.3138 **
1.3117
1.3073 last
1.3052
1.3038 **
1.3003 *
1.2982 **
Head of Research at TRADING CENTRAL: Rémy GAUSSENS
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Written on 10-15-2024 at 23:10 UTC+1
Price reference: 1.3073 last known on 10-15-2024 at 23:10 UTC+1
Investment horizon: INTRADAY
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