1.0570 is our pivot point.
Our preference: the upside prevails as long as 1.0570 is support.
Alternative scenario: below 1.0570, expect 1.0544 and 1.0528.
Comment: the RSI is above its neutrality area at 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the price is above its 20 and 50 period moving average (respectively at 1.0578 and 1.0583).
Supports and resistances:
1.0675 **
1.0659 *
1.0644 **
1.0628
1.0594 last
1.0581
1.0570 **
1.0544 *
1.0528 **
Head of Research at TRADING CENTRAL: Rémy GAUSSENS
TRADING CENTRAL is governed by the Code of Conduct of ANACOFI-CIF, an association approved by the Autorité des Marchés Financiers and registered with ORIAS under number 17005458.
Written on 11-19-2024 at 21:36 UTC+1
Price reference: 1.0594 last known on 11-19-2024 at 21:36 UTC+1
Investment horizon: INTRADAY
TRADING CENTRAL recommends reading the legal and regulatory information as well as the warnings concerning the information provided accessible from the following link : https://global.tradingcentral.com/www/pdf/terms_of_use_web_sites_en.pdf