Our pivot point is at 1.0815.
Our preference: the upside prevails as long as 1.0815 is support.
Alternative scenario: the downside breakout of 1.0815 would call for 1.0467 and 1.0260.
Comment: the RSI is above 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 1.0996 and 1.1049).
Supports and resistances:
1.2155 **
1.1947 *
1.1739 **
1.1532
1.1094 last
1.0952
1.0815 **
1.0467 *
1.0260 **
Head of Research at TRADING CENTRAL: Rémy GAUSSENS
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Written on 11-20-2024 at 02:09 UTC+1
Price reference: 1.1094 last known on 11-20-2024 at 02:09 UTC+1
Investment horizon: INTRADAY
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