Our pivot point is at 1.2496.
Our preference: rebound towards 1.2592.
Alternative scenario: below 1.2496, expect 1.2460 and 1.2438.
Comment: the RSI is below 50. The MACD is negative and above its signal line. The configuration is mixed. Moreover, the price is trading above its 20 period moving average (1.2520) but under its 50 period moving average (1.2557).
Supports and resistances:
1.2635 **
1.2614 *
1.2592 **
1.2570
1.2526 last
1.2511
1.2496 **
1.2460 *
1.2438 **
Head of Research at TRADING CENTRAL: Rémy GAUSSENS
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Written on 11-22-2024 at 20:11 UTC+1
Price reference: 1.2526 last known on 11-22-2024 at 20:11 UTC+1
Investment horizon: INTRADAY
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