Our pivot point stands at 1.2992.
Our preference: the downside prevails as long as 1.2992 is resistance.
Alternative scenario: the upside breakout of 1.2992, would call for 1.3029 and 1.3051.
Comment: the RSI is below its neutrality area at 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 1.2978 and 1.2974).
Supports and resistances:
1.3051 **
1.3029 *
1.2992 **
1.2977
1.2962 last
1.2914
1.2892 **
1.2870 *
1.2848 **
Head of Research at TRADING CENTRAL: Rémy GAUSSENS
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Written on 10-25-2024 at 22:20 UTC+1
Price reference: 1.2962 last known on 10-25-2024 at 22:20 UTC+1
Investment horizon: INTRADAY
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