Our pivot point stands at 1.0465.
Our preference: rebound towards 1.0545.
Alternative scenario: the downside breakout of 1.0465 would call for 1.0436 and 1.0419.
Comment: the RSI is below its neutrality area at 50. The MACD is above its signal line and negative. The configuration is mixed. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 1.0496 and 1.0520).
Supports and resistances:
1.0580 **
1.0563 *
1.0545 **
1.0528
1.0490 last
1.0477
1.0465 **
1.0436 *
1.0419 **
Head of Research at TRADING CENTRAL: Rémy GAUSSENS
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Written on 12-02-2024 at 21:14 UTC+1
Price reference: 1.0490 last known on 12-02-2024 at 21:14 UTC+1
Investment horizon: INTRADAY
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