Pivot: 1.2850
Our preference: short positions below 1.2850 with targets at 1.2780 & 1.2740 in extension.
Alternative scenario: above 1.2850 look for further upside with 1.2890 & 1.2925 as targets.
Comment: as long as 1.2850 is resistance, look for choppy price action with a bearish bias.
Supports and resistances:
1.2925
1.2890
1.2850
1.2823 Last
1.2780
1.2740
1.2715
Head of Research at TRADING CENTRAL: Rémy GAUSSENS
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Written on 11-12-2024 at 12:59 UTC+1
Price reference: 1.2823 last known on 11-12-2024 at 12:59 UTC+1
Investment horizon: INTRADAY
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