Our pivot point stands at 1.0387.
Our preference: the downside prevails as long as 1.0387 is resistance.
Alternative scenario: above 1.0387, look for 1.0417 and 1.0435.
Comment: the RSI is below 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 1.0385 and 1.0382).
Supports and resistances:
1.0435 **
1.0417 *
1.0387 **
1.0376
1.0364 last
1.0323
1.0305 **
1.0287 *
1.0269 **
Head of Research at TRADING CENTRAL: Rémy GAUSSENS
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Written on 12-19-2024 at 21:21 UTC+1
Price reference: 1.0364 last known on 12-19-2024 at 21:21 UTC+1
Investment horizon: INTRADAY
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