1.0474 is our pivot point.
Our preference: our next up target stands at 1.0559.
Alternative scenario: the downside breakout of 1.0474 would call for 1.0444 and 1.0427.
Comment: the RSI is above 50. The MACD is negative and above its signal line. The MACD must break above its zero level to trigger further gains. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 1.0500 and 1.0503).
Supports and resistances:
1.0595 **
1.0577 *
1.0559 **
1.0542
1.0505 last
1.0485
1.0474 **
1.0444 *
1.0427 **
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 12-16-2024 at 17:54 UTC+1
Price reference: 1.0505 last known on 12-16-2024 at 17:54 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