Our pivot point stands at 1.2930.
Our preference: as long as 1.2930 is support look for 1.3060.
Alternative scenario: below 1.2930, expect 1.2891 and 1.2868.
Comment: the RSI is above 50. The MACD is positive and below its signal line. The pair could retrace. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 1.2966 and 1.2930).
Supports and resistances:
1.3106 **
1.3083 *
1.3060 **
1.3037
1.2988 last
1.2945
1.2930 **
1.2891 *
1.2868 **
Head of Research at TRADING CENTRAL: Rémy GAUSSENS
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Written on 11-07-2024 at 21:37 UTC+1
Price reference: 1.2988 last known on 11-07-2024 at 21:37 UTC+1
Investment horizon: INTRADAY
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