Our pivot point is at 1.0632.
Our preference: the downside prevails as long as 1.0632 is resistance.
Alternative scenario: the upside breakout of 1.0632, would call for 1.0660 and 1.0676.
Comment: the RSI is below its neutrality area at 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the price stands below its 20 and 50 period moving average (respectively at 1.0621 and 1.0639). Finally, the EUR/USD has penetrated its lower Bollinger band (1.0604).
Supports and resistances:
1.0676 **
1.0660 *
1.0632 **
1.0621
1.0604 last
1.0569
1.0553 **
1.0536 *
1.0520 **
Head of Research at TRADING CENTRAL: Rémy GAUSSENS
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Written on 11-12-2024 at 16:54 UTC+1
Price reference: 1.0604 last known on 11-12-2024 at 16:54 UTC+1
Investment horizon: INTRADAY
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