Our pivot point stands at 1.2663.
Our preference: as long as 1.2663 is resistance expect 1.2559.
Alternative scenario: the upside breakout of 1.2663, would call for 1.2698 and 1.2719.
Comment: the RSI is below 50. The MACD is above its signal line and negative. The configuration is mixed. Moreover, the price is above its 20 and 50 period moving average (respectively at 1.2626 and 1.2625).
Supports and resistances:
1.2719 **
1.2698 *
1.2663 **
1.2649
1.2626 last
1.2579
1.2559 **
1.2538 *
1.2517 **
Head of Research at TRADING CENTRAL: Rémy GAUSSENS
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Written on 11-18-2024 at 16:42 UTC+1
Price reference: 1.2626 last known on 11-18-2024 at 16:42 UTC+1
Investment horizon: INTRADAY
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