Our pivot point stands at 1.2954.
Our preference: rebound towards 1.3060.
Alternative scenario: the downside breakout of 1.2954 would call for 1.2915 and 1.2892.
Comment: the RSI is below 50. The MACD is negative and above its signal line. The configuration is mixed. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 1.2991 and 1.3000).
Supports and resistances:
1.3106 **
1.3083 *
1.3060 **
1.3037
1.2988 last
1.2970
1.2954 **
1.2915 *
1.2892 **
Head of Research at TRADING CENTRAL: Rémy GAUSSENS
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Written on 10-30-2024 at 18:45 UTC+1
Price reference: 1.2988 last known on 10-30-2024 at 18:45 UTC+1
Investment horizon: INTRADAY
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