Our pivot point stands at 1.0628.
Our preference: rebound towards 1.0690.
Alternative scenario: below 1.0628, expect 1.0605 and 1.0592.
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 1.0656 and 1.0689).
Supports and resistances:
1.0717 **
1.0704 *
1.0690 **
1.0677
1.0648 last
1.0637
1.0628 **
1.0605 *
1.0592 **
Head of Research at TRADING CENTRAL: Rémy GAUSSENS
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Written on 11-11-2024 at 19:51 UTC+1
Price reference: 1.0648 last known on 11-11-2024 at 19:51 UTC+1
Investment horizon: INTRADAY
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