Our pivot point is at 1.0583.
Our preference: the downside prevails as long as 1.0583 is resistance.
Alternative scenario: the upside breakout of 1.0583, would call for 1.0611 and 1.0627.
Comment: the RSI is below 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 1.0598 and 1.0609).
Supports and resistances:
1.0627 **
1.0611 *
1.0583 **
1.0573
1.0560 last
1.0523
1.0507 **
1.0491 *
1.0474 **
Head of Research at TRADING CENTRAL: Rémy GAUSSENS
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Written on 11-13-2024 at 20:11 UTC+1
Price reference: 1.0560 last known on 11-13-2024 at 20:11 UTC+1
Investment horizon: INTRADAY
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