1.2972 is our pivot point.
Our preference: the upside prevails as long as 1.2972 is support.
Alternative scenario: the downside breakout of 1.2972 would call for 1.2933 and 1.2910.
Comment: the RSI is above its neutrality area at 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the price is above its 20 and 50 period moving average (respectively at 1.2991 and 1.2979).
Supports and resistances:
1.3123 **
1.3100 *
1.3076 **
1.3053
1.3003 last
1.2987
1.2972 **
1.2933 *
1.2910 **
Head of Research at TRADING CENTRAL: Rémy GAUSSENS
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Written on 10-29-2024 at 20:45 UTC+1
Price reference: 1.3003 last known on 10-29-2024 at 20:45 UTC+1
Investment horizon: INTRADAY
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