1.0527 is our pivot point.
Our preference: rise to 1.0610.
Alternative scenario: the downside breakout of 1.0527 would call for 1.0499 and 1.0483.
Comment: the RSI is below its neutrality area at 50. The MACD is above its signal line and positive. The break above the 50 area on the RSI would call for further upside. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 1.0542 and 1.0551).
Supports and resistances:
1.0642 **
1.0626 *
1.0610 **
1.0593
1.0551 last
1.0538
1.0527 **
1.0499 *
1.0483 **
Head of Research at TRADING CENTRAL: Rémy GAUSSENS
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Written on 11-14-2024 at 19:38 UTC+1
Price reference: 1.0551 last known on 11-14-2024 at 19:38 UTC+1
Investment horizon: INTRADAY
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