Pivot: 1.2720
Our preference: short positions below 1.2720 with targets at 1.2625 & 1.2600 in extension.
Alternative scenario: above 1.2720 look for further upside with 1.2750 & 1.2780 as targets.
Comment: as long as 1.2720 is resistance, look for choppy price action with a bearish bias.
Supports and resistances:
1.2780
1.2750
1.2720
1.2664 Last
1.2625
1.2600
1.2575
Head of Research at TRADING CENTRAL: Rémy GAUSSENS
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Written on 11-15-2024 at 11:04 UTC+1
Price reference: 1.2664 last known on 11-15-2024 at 11:04 UTC+1
Investment horizon: INTRADAY
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