1.2919 is our pivot point.
Our preference: the downside prevails as long as 1.2919 is resistance.
Alternative scenario: above 1.2919, look for 1.2958 and 1.2981.
Comment: the RSI is below 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the price stands below its 20 and 50 period moving average (respectively at 1.2922 and 1.2945).
Supports and resistances:
1.2981 **
1.2958 *
1.2919 **
1.2904
1.2883 last
1.2834
1.2811 **
1.2788 *
1.2765 **
Head of Research at TRADING CENTRAL: Rémy GAUSSENS
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Written on 10-31-2024 at 20:27 UTC+1
Price reference: 1.2883 last known on 10-31-2024 at 20:27 UTC+1
Investment horizon: INTRADAY
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