Our pivot point stands at 1.0483.
Our preference: the upside prevails as long as 1.0483 is support.
Alternative scenario: the downside breakout of 1.0483 would call for 1.0454 and 1.0436.
Comment: the RSI is above its neutrality area at 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 1.0504 and 1.0506).
Supports and resistances:
1.0598 **
1.0580 *
1.0563 **
1.0545
1.0508 last
1.0495
1.0483 **
1.0454 *
1.0436 **
Head of Research at TRADING CENTRAL: Rémy GAUSSENS
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Written on 12-16-2024 at 22:18 UTC+1
Price reference: 1.0508 last known on 12-16-2024 at 22:18 UTC+1
Investment horizon: INTRADAY
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