Our pivot point is at 1.2671.
Our preference: the upside prevails as long as 1.2671 is support.
Alternative scenario: below 1.2671, expect 1.2636 and 1.2615.
Comment: the RSI is above its neutrality area at 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the price is above its 20 and 50 period moving average (respectively at 1.2673 and 1.2689).
Supports and resistances:
1.2815 **
1.2794 *
1.2773 **
1.2752
1.2705 last
1.2685
1.2671 **
1.2636 *
1.2615 **
Head of Research at TRADING CENTRAL: Rémy GAUSSENS
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Written on 11-14-2024 at 17:24 UTC+1
Price reference: 1.2705 last known on 11-14-2024 at 17:24 UTC+1
Investment horizon: INTRADAY
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