Our pivot point stands at 1.0495.
Our preference: the downside prevails as long as 1.0495 is resistance.
Alternative scenario: the upside breakout of 1.0495, would call for 1.0524 and 1.0542.
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 1.0497 and 1.0486).
Supports and resistances:
1.0542 **
1.0524 *
1.0495 **
1.0484
1.0469 last
1.0429
1.0412 **
1.0394 *
1.0377 **
Head of Research at TRADING CENTRAL: Rémy GAUSSENS
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Written on 11-26-2024 at 19:03 UTC+1
Price reference: 1.0469 last known on 11-26-2024 at 19:03 UTC+1
Investment horizon: INTRADAY
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