Our pivot point is at 1.2953.
Our preference: the upside prevails as long as 1.2953 is support.
Alternative scenario: the downside breakout of 1.2953 would call for 1.2915 and 1.2892.
Comment: the RSI is above 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 1.2983 and 1.2967).
Supports and resistances:
1.3125 **
1.3102 *
1.3079 **
1.3056
1.2995 last
1.2968
1.2953 **
1.2915 *
1.2892 **
Head of Research at TRADING CENTRAL: Rémy GAUSSENS
TRADING CENTRAL is governed by the Code of Conduct of ANACOFI-CIF, an association approved by the Autorité des Marchés Financiers and registered with ORIAS under number 17005458.
Written on 11-05-2024 at 16:31 UTC+1
Price reference: 1.2995 last known on 11-05-2024 at 16:31 UTC+1
Investment horizon: INTRADAY
TRADING CENTRAL recommends reading the legal and regulatory information as well as the warnings concerning the information provided accessible from the following link : https://global.tradingcentral.com/www/pdf/terms_of_use_web_sites_en.pdf