Our pivot point stands at 1.3013.
Our preference: as long as 1.3013 is support look for 1.3107.
Alternative scenario: the downside breakout of 1.3013 would call for 1.2978 and 1.2957.
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 pair is trading under its 20 period moving average (1.3043) but above its 50 period moving average (1.3032).
Supports and resistances:
1.3149 **
1.3128 *
1.3107 **
1.3087
1.3043 last
1.3027
1.3013 **
1.2978 *
1.2957 **
Head of Research at TRADING CENTRAL: Rémy GAUSSENS
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Written on 10-18-2024 at 22:00 UTC+1
Price reference: 1.3043 last known on 10-18-2024 at 22:00 UTC+1
Investment horizon: INTRADAY
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