Our pivot point is at 1.2621.
Our preference: rebound towards 1.2711.
Alternative scenario: the downside breakout of 1.2621 would call for 1.2588 and 1.2568.
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 stands below its 20 and 50 period moving average (respectively at 1.2661 and 1.2687).
Supports and resistances:
1.2750 **
1.2731 *
1.2711 **
1.2692
1.2648 last
1.2634
1.2621 **
1.2588 *
1.2568 **
Head of Research at TRADING CENTRAL: Rémy GAUSSENS
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Written on 12-02-2024 at 21:21 UTC+1
Price reference: 1.2648 last known on 12-02-2024 at 21:21 UTC+1
Investment horizon: INTRADAY
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