Our pivot point is at 1.2720.
Our preference: rebound towards 1.2809.
Alternative scenario: the downside breakout of 1.2720 would call for 1.2687 and 1.2667.
Comment: the RSI is below 50. The MACD is negative and above its signal line. The configuration is mixed. Moreover, the price stands above its 20 period moving average (1.2748) but below its 50 period moving average (1.2756).
Supports and resistances:
1.2849 **
1.2829 *
1.2809 **
1.2789
1.2748 last
1.2733
1.2720 **
1.2687 *
1.2667 **
Head of Research at TRADING CENTRAL: Rémy GAUSSENS
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Written on 12-11-2024 at 22:29 UTC+1
Price reference: 1.2748 last known on 12-11-2024 at 22:29 UTC+1
Investment horizon: INTRADAY
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