Pivot: 1.0530
Our preference: short positions below 1.0530 with targets at 1.0480 & 1.0460 in extension.
Alternative scenario: above 1.0530 look for further upside with 1.0550 & 1.0570 as targets.
Comment: as long as 1.0530 is resistance, look for choppy price action with a bearish bias.
Supports and resistances:
1.0570
1.0550
1.0530
1.0506 Last
1.0480
1.0460
1.0445
Head of Research at TRADING CENTRAL: Rémy GAUSSENS
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Written on 12-12-2024 at 07:06 UTC+1
Price reference: 1.0506 last known on 12-12-2024 at 07:06 UTC+1
Investment horizon: INTRADAY
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