Our pivot point stands at 1.3007.
Our preference: as long as 1.3007 is support look for 1.3107.
Alternative scenario: the downside breakout of 1.3007 would call for 1.2972 and 1.2951.
Comment: the RSI is above its neutrality area at 50. The MACD is positive and below its signal line. The pair could retrace. Moreover, the price is below its 20 period moving average (1.3045) but above its 50 period moving average (1.3025).
Supports and resistances:
1.3149 **
1.3128 *
1.3107 **
1.3086
1.3041 last
1.3021
1.3007 **
1.2972 *
1.2951 **
Head of Research at TRADING CENTRAL: Rémy GAUSSENS
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Written on 10-18-2024 at 17:00 UTC+1
Price reference: 1.3041 last known on 10-18-2024 at 17:00 UTC+1
Investment horizon: INTRADAY
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