Our pivot point stands at 1.2963.
Our preference: the upside prevails as long as 1.2963 is support.
Alternative scenario: below 1.2963, expect 1.2924 and 1.2900.
Comment: the RSI is above 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 1.2987 and 1.2976).
Supports and resistances:
1.3118 **
1.3095 *
1.3071 **
1.3048
1.2994 last
1.2978
1.2963 **
1.2924 *
1.2900 **
Head of Research at TRADING CENTRAL: Rémy GAUSSENS
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Written on 10-29-2024 at 18:54 UTC+1
Price reference: 1.2994 last known on 10-29-2024 at 18:54 UTC+1
Investment horizon: INTRADAY
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