Pivot: 1.0490
Our preference: short positions below 1.0490 with targets at 1.0430 & 1.0410 in extension.
Alternative scenario: above 1.0490 look for further upside with 1.0520 & 1.0540 as targets.
Comment: as long as 1.0490 is resistance, look for choppy price action with a bearish bias.
Supports and resistances:
1.0540
1.0520
1.0490
1.0461 Last
1.0430
1.0410
1.0390
Head of Research at TRADING CENTRAL: Rémy GAUSSENS
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Written on 12-13-2024 at 04:46 UTC+1
Price reference: 1.0461 last known on 12-13-2024 at 04:46 UTC+1
Investment horizon: INTRADAY
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