1.2719 is our pivot point.
Our preference: rebound.
Alternative scenario: below 1.2719, expect 1.2686 and 1.2666.
Comment: the RSI is above its neutrality area at 50. The MACD is negative and above its signal line. The MACD must break above its zero level to trigger further gains. Moreover, the price is trading above its 20 period moving average (1.2744) but under its 50 period moving average (1.2758).
Supports and resistances:
1.2857 **
1.2837 *
1.2818 **
1.2798
1.2757 last
1.2732
1.2719 **
1.2686 *
1.2666 **
Head of Research at TRADING CENTRAL: Rémy GAUSSENS
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Written on 12-11-2024 at 17:51 UTC+1
Price reference: 1.2757 last known on 12-11-2024 at 17:51 UTC+1
Investment horizon: INTRADAY
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