Our pivot point is at 1.0476.
Our preference: rebound.
Alternative scenario: the downside breakout of 1.0476 would call for 1.0447 and 1.0429.
Comment: the RSI is above 50. The MACD is negative and above its signal line. The MACD must break above its zero level to call for further upside. Moreover, the price stands above its 20 period moving average (1.0499) but below its 50 period moving average (1.0500).
Supports and resistances:
1.0606 **
1.0588 *
1.0570 **
1.0553
1.0500 last
1.0488
1.0476 **
1.0447 *
1.0429 **
Head of Research at TRADING CENTRAL: Rémy GAUSSENS
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Written on 12-12-2024 at 18:32 UTC+1
Price reference: 1.0500 last known on 12-12-2024 at 18:32 UTC+1
Investment horizon: INTRADAY
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