Our pivot point stands at 1.2745.
Our preference: the downside prevails as long as 1.2745 is resistance.
Alternative scenario: the upside breakout of 1.2745, would call for 1.2779 and 1.2798.
Comment: the RSI is below 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 1.2732 and 1.2748).
Supports and resistances:
1.2798 **
1.2779 *
1.2745 **
1.2732
1.2706 last
1.2665
1.2646 **
1.2626 *
1.2606 **
Head of Research at TRADING CENTRAL: Rémy GAUSSENS
TRADING CENTRAL is governed by the Code of Conduct of ANACOFI-CIF, an association approved by the Autorité des Marchés Financiers and registered with ORIAS under number 17005458.
Written on 12-12-2024 at 18:35 UTC+1
Price reference: 1.2706 last known on 12-12-2024 at 18:35 UTC+1
Investment horizon: INTRADAY
TRADING CENTRAL recommends reading the legal and regulatory information as well as the warnings concerning the information provided accessible from the following link : https://global.tradingcentral.com/www/pdf/terms_of_use_web_sites_en.pdf