Our pivot point is at 1.2663.
Our preference: the downside prevails as long as 1.2663 is resistance.
Alternative scenario: the upside breakout of 1.2663, would call for 1.2698 and 1.2719.
Comment: the RSI is below its neutrality area at 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 1.2655 and 1.2666).
Supports and resistances:
1.2719 **
1.2698 *
1.2663 **
1.2649
1.2631 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 18:58 UTC+1
Price reference: 1.2631 last known on 11-15-2024 at 18:58 UTC+1
Investment horizon: INTRADAY
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