1.2691 is our pivot point.
Our preference: the downside prevails as long as 1.2691 is resistance.
Alternative scenario: above 1.2691, look for 1.2726 and 1.2747.
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 1.2683 and 1.2684).
Supports and resistances:
1.2747 **
1.2726 *
1.2691 **
1.2677
1.2655 last
1.2612
1.2591 **
1.2570 *
1.2549 **
Head of Research at TRADING CENTRAL: Rémy GAUSSENS
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Written on 11-14-2024 at 22:33 UTC+1
Price reference: 1.2655 last known on 11-14-2024 at 22:33 UTC+1
Investment horizon: INTRADAY
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