Pivot: 1.0580
Our preference: short positions below 1.0580 with targets at 1.0500 & 1.0475 in extension.
Alternative scenario: above 1.0580 look for further upside with 1.0610 & 1.0640 as targets.
Comment: as long as 1.0580 is resistance, look for choppy price action with a bearish bias.
Supports and resistances:
1.0640
1.0610
1.0580
1.0562 Last
1.0500
1.0475
1.0460
Head of Research at TRADING CENTRAL: Rémy GAUSSENS
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Written on 11-19-2024 at 13:16 UTC+1
Price reference: 1.0562 last known on 11-19-2024 at 13:16 UTC+1
Investment horizon: INTRADAY
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