Our pivot point stands at 1.2722.
Our preference: the downside prevails as long as 1.2722 is resistance.
Alternative scenario: above 1.2722, look for 1.2755 and 1.2775.
Comment: the RSI is below 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the price stands below its 20 and 50 period moving average (respectively at 1.2722 and 1.2744).
Supports and resistances:
1.2775 **
1.2755 *
1.2722 **
1.2709
1.2691 last
1.2647
1.2628 **
1.2608 *
1.2589 **
Head of Research at TRADING CENTRAL: Rémy GAUSSENS
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Written on 12-12-2024 at 20:02 UTC+1
Price reference: 1.2691 last known on 12-12-2024 at 20:02 UTC+1
Investment horizon: INTRADAY
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