Our pivot point is at 1.0429.
Our preference: the downside prevails as long as 1.0429 is resistance.
Alternative scenario: above 1.0429, look for 1.0458 and 1.0476.
Comment: the RSI is below its neutrality area at 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 1.0425 and 1.0426).
Supports and resistances:
1.0476 **
1.0458 *
1.0429 **
1.0417
1.0394 last
1.0353
1.0336 **
1.0318 *
1.0301 **
Head of Research at TRADING CENTRAL: Rémy GAUSSENS
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Written on 12-30-2024 at 16:25 UTC+1
Price reference: 1.0394 last known on 12-30-2024 at 16:25 UTC+1
Investment horizon: INTRADAY
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