Our pivot point stands at 1.2634.
Our preference: the downside prevails as long as 1.2634 is resistance.
Alternative scenario: above 1.2634, look for 1.2671 and 1.2693.
Comment: the RSI is below 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 1.2625 and 1.2641).
Supports and resistances:
1.2693 **
1.2671 *
1.2634 **
1.2619
1.2601 last
1.2547
1.2525 **
1.2503 *
1.2481 **
Head of Research at TRADING CENTRAL: Rémy GAUSSENS
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Written on 11-21-2024 at 19:35 UTC+1
Price reference: 1.2601 last known on 11-21-2024 at 19:35 UTC+1
Investment horizon: INTRADAY
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