Our pivot point stands at 1.0549.
Our preference: the downside prevails as long as 1.0549 is resistance.
Alternative scenario: above 1.0549, look for 1.0576 and 1.0592.
Comment: the RSI is below 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 1.0547 and 1.0547).
Supports and resistances:
1.0592 **
1.0576 *
1.0549 **
1.0538
1.0521 last
1.0486
1.0470 **
1.0453 *
1.0437 **
Head of Research at TRADING CENTRAL: Rémy GAUSSENS
TRADING CENTRAL is governed by the Code of Conduct of ANACOFI-CIF, an association approved by the Autorité des Marchés Financiers and registered with ORIAS under number 17005458.
Written on 11-14-2024 at 22:32 UTC+1
Price reference: 1.0521 last known on 11-14-2024 at 22:32 UTC+1
Investment horizon: INTRADAY
TRADING CENTRAL recommends reading the legal and regulatory information as well as the warnings concerning the information provided accessible from the following link : https://global.tradingcentral.com/www/pdf/terms_of_use_web_sites_en.pdf