Our pivot point is at 1.3022.
Our preference: under pressure below 1.3022.
Alternative scenario: above 1.3022, look for 1.3057 and 1.3078.
Comment: the RSI is below its neutrality area at 50. The MACD is positive and below its signal line. 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 1.2994 and 1.2993).
Supports and resistances:
1.3078 **
1.3057 *
1.3022 **
1.3009
1.2991 last
1.2945
1.2924 **
1.2904 *
1.2883 **
Head of Research at TRADING CENTRAL: Rémy GAUSSENS
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Written on 10-17-2024 at 16:54 UTC+1
Price reference: 1.2991 last known on 10-17-2024 at 16:54 UTC+1
Investment horizon: INTRADAY
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