Our pivot point stands at 1.0503.
Our preference: rebound.
Alternative scenario: below 1.0503, expect 1.0474 and 1.0456.
Comment: the RSI is above 50. The MACD is above its signal line and negative. The MACD must break above its zero level to call for further upside. Moreover, the price is trading above its 20 period moving average (1.0520) but under its 50 period moving average (1.0538).
Supports and resistances:
1.0617 **
1.0600 *
1.0582 **
1.0564
1.0529 last
1.0515
1.0503 **
1.0474 *
1.0456 **
Head of Research at TRADING CENTRAL: Rémy GAUSSENS
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Written on 12-10-2024 at 21:42 UTC+1
Price reference: 1.0529 last known on 12-10-2024 at 21:42 UTC+1
Investment horizon: INTRADAY
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