Our pivot point is at 1.2950.
Our preference: the upside prevails as long as 1.2950 is support.
Alternative scenario: the downside breakout of 1.2950 would call for 1.2911 and 1.2888.
Comment: the RSI is above its neutrality area at 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 1.2980 and 1.2975).
Supports and resistances:
1.3097 **
1.3074 *
1.3051 **
1.3028
1.2981 last
1.2965
1.2950 **
1.2911 *
1.2888 **
Head of Research at TRADING CENTRAL: Rémy GAUSSENS
TRADING CENTRAL is governed by the Code of Conduct of ANACOFI-CIF, an association approved by the Autorité des Marchés Financiers and registered with ORIAS under number 17005458.
Written on 10-29-2024 at 16:41 UTC+1
Price reference: 1.2981 last known on 10-29-2024 at 16:41 UTC+1
Investment horizon: INTRADAY
TRADING CENTRAL recommends reading the legal and regulatory information as well as the warnings concerning the information provided accessible from the following link : https://global.tradingcentral.com/www/pdf/terms_of_use_web_sites_en.pdf