Our pivot point is at 1.0568.
Our preference: the upside prevails as long as 1.0568 is support.
Alternative scenario: below 1.0568, expect 1.0541 and 1.0524.
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 trading above both its 20 and 50 period moving average (respectively at 1.0575 and 1.0555).
Supports and resistances:
1.0678 **
1.0661 *
1.0645 **
1.0628
1.0595 last
1.0579
1.0568 **
1.0541 *
1.0524 **
Head of Research at TRADING CENTRAL: Rémy GAUSSENS
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Written on 11-18-2024 at 22:20 UTC+1
Price reference: 1.0595 last known on 11-18-2024 at 22:20 UTC+1
Investment horizon: INTRADAY
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