Our pivot point stands at 1.3013.
Our preference: the downside prevails as long as 1.3013 is resistance.
Alternative scenario: above 1.3013, look for 1.3048 and 1.3069.
Comment: the RSI is below 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the price stands below its 20 and 50 period moving average (respectively at 1.3005 and 1.3032).
Supports and resistances:
1.3069 **
1.3048 *
1.3013 **
1.2999
1.2984 last
1.2940
1.2919 **
1.2898 *
1.2877 **
Head of Research at TRADING CENTRAL: Rémy GAUSSENS
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Written on 10-16-2024 at 22:20 UTC+1
Price reference: 1.2984 last known on 10-16-2024 at 22:20 UTC+1
Investment horizon: INTRADAY
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