Our pivot point stands at 1.2745.
Our preference: the upside prevails as long as 1.2745 is support.
Alternative scenario: the downside breakout of 1.2745 would call for 1.2712 and 1.2692.
Comment: the RSI is above its neutrality area at 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the price is above its 20 and 50 period moving average (respectively at 1.2755 and 1.2751).
Supports and resistances:
1.2873 **
1.2853 *
1.2833 **
1.2814
1.2774 last
1.2758
1.2745 **
1.2712 *
1.2692 **
Head of Research at TRADING CENTRAL: Rémy GAUSSENS
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Written on 12-10-2024 at 21:44 UTC+1
Price reference: 1.2774 last known on 12-10-2024 at 21:44 UTC+1
Investment horizon: INTRADAY
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