Our pivot point is at 1.2542.
Our preference: rebound.
Alternative scenario: below 1.2542, expect 1.2505 and 1.2483.
Comment: the RSI is above its neutrality area at 50. The MACD is negative and above its signal line. The MACD must break above its zero level to call for further upside. Moreover, the price is trading above its 20 period moving average (1.2573) but under its 50 period moving average (1.2576).
Supports and resistances:
1.2688 **
1.2666 *
1.2644 **
1.2622
1.2574 last
1.2556
1.2542 **
1.2505 *
1.2483 **
Head of Research at TRADING CENTRAL: Rémy GAUSSENS
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Written on 11-25-2024 at 21:40 UTC+1
Price reference: 1.2574 last known on 11-25-2024 at 21:40 UTC+1
Investment horizon: INTRADAY
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