Our pivot point stands at 1.2644.
Our preference: the upside prevails as long as 1.2644 is support.
Alternative scenario: below 1.2644, expect 1.2612 and 1.2592.
Comment: the RSI is above 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 1.2667 and 1.2656).
Supports and resistances:
1.2768 **
1.2748 *
1.2729 **
1.2710
1.2670 last
1.2657
1.2644 **
1.2612 *
1.2592 **
Head of Research at TRADING CENTRAL: Rémy GAUSSENS
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Written on 12-03-2024 at 18:36 UTC+1
Price reference: 1.2670 last known on 12-03-2024 at 18:36 UTC+1
Investment horizon: INTRADAY
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