Our pivot point stands at 1.2659.
Our preference: the downside prevails as long as 1.2659 is resistance.
Alternative scenario: above 1.2659, look 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 is trading under both its 20 and 50 period moving average (respectively at 1.2649 and 1.2662).
Supports and resistances:
1.2715 **
1.2694 *
1.2659 **
1.2645
1.2622 last
1.2580
1.2559 **
1.2538 *
1.2517 **
Head of Research at TRADING CENTRAL: Rémy GAUSSENS
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Written on 11-15-2024 at 20:31 UTC+1
Price reference: 1.2622 last known on 11-15-2024 at 20:31 UTC+1
Investment horizon: INTRADAY
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