1.2646 is our pivot point.
Our preference: the upside prevails as long as 1.2646 is support.
Alternative scenario: the downside breakout of 1.2646 would call for 1.2611 and 1.2590.
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 1.2650 and 1.2635).
Supports and resistances:
1.2783 **
1.2762 *
1.2741 **
1.2720
1.2677 last
1.2660
1.2646 **
1.2611 *
1.2590 **
Head of Research at TRADING CENTRAL: Rémy GAUSSENS
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Written on 11-18-2024 at 22:26 UTC+1
Price reference: 1.2677 last known on 11-18-2024 at 22:26 UTC+1
Investment horizon: INTRADAY
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