Our pivot point stands at 1.2672.
Our preference: as long as 1.2672 is support look for 1.2760.
Alternative scenario: below 1.2672, expect 1.2640 and 1.2620.
Comment: the RSI is above 50. The MACD is positive and below its signal line. The pair could retrace. Moreover, the price is above its 20 and 50 period moving average (respectively at 1.2691 and 1.2680).
Supports and resistances:
1.2799 **
1.2780 *
1.2760 **
1.2741
1.2699 last
1.2685
1.2672 **
1.2640 *
1.2620 **
Head of Research at TRADING CENTRAL: Rémy GAUSSENS
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Written on 12-04-2024 at 21:16 UTC+1
Price reference: 1.2699 last known on 12-04-2024 at 21:16 UTC+1
Investment horizon: INTRADAY
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