Our pivot point is at 1.2632.
Our preference: our next up target stands at 1.2740.
Alternative scenario: below 1.2632, expect 1.2595 and 1.2573.
Comment: the RSI is above 50. The MACD is above its signal line and negative. The MACD must break above its zero level to trigger further gains. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 1.2649 and 1.2663).
Supports and resistances:
1.2784 **
1.2762 *
1.2740 **
1.2718
1.2673 last
1.2647
1.2632 **
1.2595 *
1.2573 **
Head of Research at TRADING CENTRAL: Rémy GAUSSENS
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Written on 11-19-2024 at 17:17 UTC+1
Price reference: 1.2673 last known on 11-19-2024 at 17:17 UTC+1
Investment horizon: INTRADAY
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