Our pivot point stands at 1.2985.
Our preference: the upside prevails as long as 1.2985 is support.
Alternative scenario: below 1.2985, expect 1.2947 and 1.2924.
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 1.3007 and 1.2979).
Supports and resistances:
1.3141 **
1.3118 *
1.3095 **
1.3072
1.3025 last
1.3001
1.2985 **
1.2947 *
1.2924 **
Head of Research at TRADING CENTRAL: Rémy GAUSSENS
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Written on 11-05-2024 at 21:25 UTC+1
Price reference: 1.3025 last known on 11-05-2024 at 21:25 UTC+1
Investment horizon: INTRADAY
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