1.2950 is our pivot point.
Our preference: rebound towards 1.3048.
Alternative scenario: below 1.2950, expect 1.2915 and 1.2894.
Comment: the RSI is below 50. The MACD is above its signal line and negative. The configuration is mixed. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 1.2996 and 1.3022).
Supports and resistances:
1.3089 **
1.3068 *
1.3048 **
1.3027
1.2982 last
1.2964
1.2950 **
1.2915 *
1.2894 **
Head of Research at TRADING CENTRAL: Rémy GAUSSENS
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Written on 10-21-2024 at 23:13 UTC+1
Price reference: 1.2982 last known on 10-21-2024 at 23:13 UTC+1
Investment horizon: INTRADAY
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