Our pivot point stands at 1.0480.
Our preference: as long as 1.0480 is support look for 1.0556.
Alternative scenario: below 1.0480, expect 1.0454 and 1.0438.
Comment: the RSI is above 50. The MACD is below its signal line and positive. The pair could retrace. Moreover, the price is above its 20 and 50 period moving average (respectively at 1.0497 and 1.0479).
Supports and resistances:
1.0588 **
1.0572 *
1.0556 **
1.0541
1.0503 last
1.0490
1.0480 **
1.0454 *
1.0438 **
Head of Research at TRADING CENTRAL: Rémy GAUSSENS
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Written on 11-25-2024 at 21:38 UTC+1
Price reference: 1.0503 last known on 11-25-2024 at 21:38 UTC+1
Investment horizon: INTRADAY
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