Our pivot point stands at 1.2648.
Our preference: the upside prevails as long as 1.2648 is support.
Alternative scenario: the downside breakout of 1.2648 would call for 1.2611 and 1.2589.
Comment: the RSI is above 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 1.2658 and 1.2665).
Supports and resistances:
1.2789 **
1.2767 *
1.2745 **
1.2723
1.2678 last
1.2663
1.2648 **
1.2611 *
1.2589 **
Head of Research at TRADING CENTRAL: Rémy GAUSSENS
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Written on 11-19-2024 at 21:37 UTC+1
Price reference: 1.2678 last known on 11-19-2024 at 21:37 UTC+1
Investment horizon: INTRADAY
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