1.2728 is our pivot point.
Our preference: as long as 1.2728 is support look for 1.2818.
Alternative scenario: the downside breakout of 1.2728 would call for 1.2696 and 1.2676.
Comment: the RSI is above 50. The MACD is below its signal line and positive. The pair could retrace. Moreover, the price is above its 20 and 50 period moving average (respectively at 1.2750 and 1.2728).
Supports and resistances:
1.2856 **
1.2837 *
1.2818 **
1.2798
1.2755 last
1.2741
1.2728 **
1.2696 *
1.2676 **
Head of Research at TRADING CENTRAL: Rémy GAUSSENS
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Written on 12-05-2024 at 23:53 UTC+1
Price reference: 1.2755 last known on 12-05-2024 at 23:53 UTC+1
Investment horizon: INTRADAY
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