Our pivot point stands at 1.0538.
Our preference: the upside prevails as long as 1.0538 is support.
Alternative scenario: the downside breakout of 1.0538 would call for 1.0511 and 1.0494.
Comment: the RSI is above its neutrality area at 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the price is above its 20 and 50 period moving average (respectively at 1.0551 and 1.0544).
Supports and resistances:
1.0655 **
1.0639 *
1.0623 **
1.0606
1.0561 last
1.0549
1.0538 **
1.0511 *
1.0494 **
Head of Research at TRADING CENTRAL: Rémy GAUSSENS
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Written on 11-18-2024 at 16:40 UTC+1
Price reference: 1.0561 last known on 11-18-2024 at 16:40 UTC+1
Investment horizon: INTRADAY
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