Our pivot point stands at 1.0527.
Our preference: the downside prevails as long as 1.0527 is resistance.
Alternative scenario: above 1.0527, look for 1.0556 and 1.0574.
Comment: the RSI is below its neutrality area at 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the price stands above its 20 period moving average (1.0502) but below its 50 period moving average (1.0516).
Supports and resistances:
1.0574 **
1.0556 *
1.0527 **
1.0515
1.0502 last
1.0454
1.0436 **
1.0418 *
1.0401 **
Head of Research at TRADING CENTRAL: Rémy GAUSSENS
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Written on 12-11-2024 at 17:49 UTC+1
Price reference: 1.0502 last known on 12-11-2024 at 17:49 UTC+1
Investment horizon: INTRADAY
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