Our pivot point is at 1.2640.
Our preference: the upside prevails as long as 1.2640 is support.
Alternative scenario: the downside breakout of 1.2640 would call for 1.2607 and 1.2588.
Comment: the RSI is above its neutrality area at 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the price is above its 20 and 50 period moving average (respectively at 1.2668 and 1.2661).
Supports and resistances:
1.2774 **
1.2754 *
1.2735 **
1.2716
1.2677 last
1.2652
1.2640 **
1.2607 *
1.2588 **
Head of Research at TRADING CENTRAL: Rémy GAUSSENS
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Written on 12-03-2024 at 21:23 UTC+1
Price reference: 1.2677 last known on 12-03-2024 at 21:23 UTC+1
Investment horizon: INTRADAY
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