Pivot: 1.2300
Our preference: long positions above 1.2300 with targets at 1.3730 & 1.4230 in extension.
Alternative scenario: below 1.2300 look for further downside with 1.2100 & 1.1850 as targets.
Comment: even though a continuation of the consolidation cannot be ruled out, its extent should be limited.
Supports and resistances:
1.4625
1.4230
1.3730
1.3000 Last
1.2300
1.2100
1.1850
Head of Research at TRADING CENTRAL: Rémy GAUSSENS
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Written on 10-30-2024 at 11:12 UTC+1
Price reference: 1.3000 last known on 10-30-2024 at 11:12 UTC+1
Investment horizon: MT
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