Our pivot point stands at 1.0590.
Our preference: target 1.0512.
Alternative scenario: above 1.0590, look for 1.0618 and 1.0635.
Comment: the RSI is below 50. The MACD is positive and below its signal line. The MACD must penetrate its zero line to expect further downside. Moreover, the price is below its 20 period moving average (1.0573) but above its 50 period moving average (1.0561).
Supports and resistances:
1.0635 **
1.0618 *
1.0590 **
1.0579
1.0565 last
1.0529
1.0512 **
1.0495 *
1.0478 **
Head of Research at TRADING CENTRAL: Rémy GAUSSENS
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Written on 12-09-2024 at 19:31 UTC+1
Price reference: 1.0565 last known on 12-09-2024 at 19:31 UTC+1
Investment horizon: INTRADAY
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