1.0482 is our pivot point.
Our preference: the upside prevails as long as 1.0482 is support.
Alternative scenario: below 1.0482, expect 1.0453 and 1.0435.
Comment: the RSI is above its neutrality area at 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 1.0501 and 1.0505).
Supports and resistances:
1.0599 **
1.0582 *
1.0564 **
1.0546
1.0511 last
1.0494
1.0482 **
1.0453 *
1.0435 **
Head of Research at TRADING CENTRAL: Rémy GAUSSENS
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Written on 12-16-2024 at 20:01 UTC+1
Price reference: 1.0511 last known on 12-16-2024 at 20:01 UTC+1
Investment horizon: INTRADAY
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