Our pivot point stands at 1.2737.
Our preference: the downside prevails as long as 1.2737 is resistance.
Alternative scenario: the upside breakout of 1.2737, would call for 1.2772 and 1.2793.
Comment: the RSI is below its neutrality area at 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the price stands below its 20 and 50 period moving average (respectively at 1.2727 and 1.2737).
Supports and resistances:
1.2793 **
1.2772 *
1.2737 **
1.2723
1.2707 last
1.2661
1.2640 **
1.2619 *
1.2598 **
Head of Research at TRADING CENTRAL: Rémy GAUSSENS
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Written on 11-13-2024 at 20:13 UTC+1
Price reference: 1.2707 last known on 11-13-2024 at 20:13 UTC+1
Investment horizon: INTRADAY
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