Pivot: 1.0570
Our preference: long positions above 1.0570 with targets at 1.0610 & 1.0630 in extension.
Alternative scenario: below 1.0570 look for further downside with 1.0550 & 1.0530 as targets.
Comment: even though a continuation of the consolidation cannot be ruled out, its extent should be limited.
Supports and resistances:
1.0650
1.0630
1.0610
1.0585 Last
1.0570
1.0550
1.0530
Head of Research at TRADING CENTRAL: Rémy GAUSSENS
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Written on 11-19-2024 at 07:07 UTC+1
Price reference: 1.0585 last known on 11-19-2024 at 07:07 UTC+1
Investment horizon: INTRADAY
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