Our pivot point stands at 1.2576.
Our preference: the downside prevails as long as 1.2576 is resistance.
Alternative scenario: the upside breakout of 1.2576, would call for 1.2608 and 1.2628.
Comment: the RSI is below 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 1.2560 and 1.2555).
Supports and resistances:
1.2628 **
1.2608 *
1.2576 **
1.2563
1.2550 last
1.2506
1.2486 **
1.2467 *
1.2447 **
Head of Research at TRADING CENTRAL: Rémy GAUSSENS
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Written on 11-26-2024 at 21:45 UTC+1
Price reference: 1.2550 last known on 11-26-2024 at 21:45 UTC+1
Investment horizon: INTRADAY
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