1.2984 is our pivot point.
Our preference: rebound towards 1.3074.
Alternative scenario: the downside breakout of 1.2984 would call for 1.2948 and 1.2928.
Comment: the RSI is below its neutrality area at 50. The MACD is above its signal line and negative. The configuration is mixed. Moreover, the price stands below its 20 and 50 period moving average (respectively at 1.3019 and 1.3051).
Supports and resistances:
1.3116 **
1.3095 *
1.3074 **
1.3053
1.3012 last
1.2997
1.2984 **
1.2948 *
1.2928 **
Head of Research at TRADING CENTRAL: Rémy GAUSSENS
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Written on 10-16-2024 at 16:40 UTC+1
Price reference: 1.3012 last known on 10-16-2024 at 16:40 UTC+1
Investment horizon: INTRADAY
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