Our pivot point is at 1.2659.
Our preference: the downside prevails as long as 1.2659 is resistance.
Alternative scenario: the upside breakout of 1.2659, would call for 1.2694 and 1.2715.
Comment: the RSI is below 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the price stands below its 20 and 50 period moving average (respectively at 1.2655 and 1.2666).
Supports and resistances:
1.2715 **
1.2694 *
1.2659 **
1.2645
1.2630 last
1.2583
1.2562 **
1.2541 *
1.2520 **
Head of Research at TRADING CENTRAL: Rémy GAUSSENS
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Written on 11-15-2024 at 18:44 UTC+1
Price reference: 1.2630 last known on 11-15-2024 at 18:44 UTC+1
Investment horizon: INTRADAY
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