Our pivot point stands at 1.2797.
Our preference: target 1.2706.
Alternative scenario: above 1.2797, look for 1.2830 and 1.2850.
Comment: the RSI is below its neutrality area at 50. The MACD is below its signal line and positive. The MACD must penetrate its zero line to expect further downside. Moreover, the pair is trading under its 20 period moving average (1.2774) but above its 50 period moving average (1.2751).
Supports and resistances:
1.2850 **
1.2830 *
1.2797 **
1.2784
1.2767 last
1.2725
1.2706 **
1.2686 *
1.2667 **
Head of Research at TRADING CENTRAL: Rémy GAUSSENS
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Written on 12-09-2024 at 19:32 UTC+1
Price reference: 1.2767 last known on 12-09-2024 at 19:32 UTC+1
Investment horizon: INTRADAY
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