Our pivot point stands at 1.0398.
Our preference: the upside prevails as long as 1.0398 is support.
Alternative scenario: the downside breakout of 1.0398 would call for 1.0368 and 1.0350.
Comment: the RSI is above 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the price is above its 20 and 50 period moving average (respectively at 1.0403 and 1.0382).
Supports and resistances:
1.0531 **
1.0513 *
1.0495 **
1.0477
1.0437 last
1.0410
1.0398 **
1.0368 *
1.0350 **
Head of Research at TRADING CENTRAL: Rémy GAUSSENS
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Written on 12-20-2024 at 19:55 UTC+1
Price reference: 1.0437 last known on 12-20-2024 at 19:55 UTC+1
Investment horizon: INTRADAY
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