Our pivot point stands at 1.2698.
Our preference: the upside prevails as long as 1.2698 is support.
Alternative scenario: the downside breakout of 1.2698 would call for 1.2665 and 1.2645.
Comment: the RSI is above 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 1.2700 and 1.2701).
Supports and resistances:
1.2831 **
1.2811 *
1.2791 **
1.2771
1.2731 last
1.2711
1.2698 **
1.2665 *
1.2645 **
Head of Research at TRADING CENTRAL: Rémy GAUSSENS
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Written on 11-29-2024 at 20:28 UTC+1
Price reference: 1.2731 last known on 11-29-2024 at 20:28 UTC+1
Investment horizon: INTRADAY
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