Our pivot point is at 1.2647.
Our preference: as long as 1.2647 is support look for 1.2735.
Alternative scenario: the downside breakout of 1.2647 would call for 1.2614 and 1.2595.
Comment: the RSI is above 50. The MACD is below its signal line and positive. The pair could retrace. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 1.2656 and 1.2609).
Supports and resistances:
1.2775 **
1.2755 *
1.2735 **
1.2716
1.2676 last
1.2660
1.2647 **
1.2614 *
1.2595 **
Head of Research at TRADING CENTRAL: Rémy GAUSSENS
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Written on 11-27-2024 at 21:42 UTC+1
Price reference: 1.2676 last known on 11-27-2024 at 21:42 UTC+1
Investment horizon: INTRADAY
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