Our pivot point is at 1.3012.
Our preference: as long as 1.3012 is support look for 1.3107.
Alternative scenario: the downside breakout of 1.3012 would call for 1.2977 and 1.2956.
Comment: the RSI is above 50. The MACD is below its signal line and positive. The pair could retrace. Moreover, the price is above its 20 and 50 period moving average (respectively at 1.3042 and 1.3030).
Supports and resistances:
1.3149 **
1.3128 *
1.3107 **
1.3086
1.3044 last
1.3026
1.3012 **
1.2977 *
1.2956 **
Head of Research at TRADING CENTRAL: Rémy GAUSSENS
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Written on 10-18-2024 at 20:46 UTC+1
Price reference: 1.3044 last known on 10-18-2024 at 20:46 UTC+1
Investment horizon: INTRADAY
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