Our pivot point stands at 1.3016.
Our preference: the downside prevails as long as 1.3016 is resistance.
Alternative scenario: above 1.3016, look for 1.3051 and 1.3072.
Comment: the RSI is below 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 1.3009 and 1.3030).
Supports and resistances:
1.3072 **
1.3051 *
1.3016 **
1.3002
1.2985 last
1.2942
1.2922 **
1.2901 *
1.2880 **
Head of Research at TRADING CENTRAL: Rémy GAUSSENS
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Written on 10-21-2024 at 20:35 UTC+1
Price reference: 1.2985 last known on 10-21-2024 at 20:35 UTC+1
Investment horizon: INTRADAY
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