Our pivot point stands at 1.2694.
Our preference: the upside prevails as long as 1.2694 is support.
Alternative scenario: the downside breakout of 1.2694 would call for 1.2662 and 1.2642.
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 1.2684 and 1.2679).
Supports and resistances:
1.2818 **
1.2798 *
1.2779 **
1.2759
1.2720 last
1.2707
1.2694 **
1.2662 *
1.2642 **
Head of Research at TRADING CENTRAL: Rémy GAUSSENS
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Written on 12-04-2024 at 18:40 UTC+1
Price reference: 1.2720 last known on 12-04-2024 at 18:40 UTC+1
Investment horizon: INTRADAY
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