1.0539 is our pivot point.
Our preference: as long as 1.0539 is support look for 1.0618.
Alternative scenario: the downside breakout of 1.0539 would call for 1.0510 and 1.0492.
Comment: the RSI is above its neutrality area at 50. The MACD is positive and below its signal line. The pair could retrace. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 1.0555 and 1.0517).
Supports and resistances:
1.0653 **
1.0636 *
1.0618 **
1.0601
1.0565 last
1.0551
1.0539 **
1.0510 *
1.0492 **
Head of Research at TRADING CENTRAL: Rémy GAUSSENS
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Written on 11-27-2024 at 21:40 UTC+1
Price reference: 1.0565 last known on 11-27-2024 at 21:40 UTC+1
Investment horizon: INTRADAY
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