Our pivot point is at 1.3000.
Our preference: under pressure below 1.3000.
Alternative scenario: the upside breakout of 1.3000, would call for 1.3038 and 1.3060.
Comment: the RSI is below its neutrality area at 50. The MACD is below its signal line and positive. The MACD must penetrate its zero line to expect further downside. Moreover, the price stands below its 20 and 50 period moving average (respectively at 1.2982 and 1.2974).
Supports and resistances:
1.3060 **
1.3038 *
1.3000 **
1.2986
1.2969 last
1.2924
1.2902 **
1.2879 *
1.2857 **
Head of Research at TRADING CENTRAL: Rémy GAUSSENS
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Written on 10-25-2024 at 19:47 UTC+1
Price reference: 1.2969 last known on 10-25-2024 at 19:47 UTC+1
Investment horizon: INTRADAY
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