Our pivot point stands at 1.2497.
Our preference: rebound towards 1.2595.
Alternative scenario: the downside breakout of 1.2497 would call for 1.2461 and 1.2439.
Comment: the RSI is below its neutrality area at 50. The MACD is negative and above its signal line. The configuration is mixed. Moreover, the price stands below its 20 and 50 period moving average (respectively at 1.2534 and 1.2569).
Supports and resistances:
1.2639 **
1.2617 *
1.2595 **
1.2573
1.2528 last
1.2512
1.2497 **
1.2461 *
1.2439 **
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 11-22-2024 at 16:38 UTC+1
Price reference: 1.2528 last known on 11-22-2024 at 16:38 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