Our pivot point stands at 1.3260.
Our preference: rebound towards 1.3330.
Alternative scenario: the downside breakout of 1.3260 would call for 1.3234 and 1.3218.
Comment: the RSI is below its neutrality area at 50. The MACD is negative and above its signal line. The configuration is mixed. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 1.3284 and 1.3306).
Supports and resistances:
1.3361 **
1.3345 *
1.3330 **
1.3314
1.3282 last
1.3271
1.3260 **
1.3234 *
1.3218 **
Head of Research at TRADING CENTRAL: Rémy GAUSSENS
TRADING CENTRAL is governed by the Code of Conduct of ANACOFI-CIF, an association approved by the Autorité des Marchés Financiers and registered with ORIAS under number 17005458.
Written on 04-12-2023 at 22:47 UTC+1
Price reference: 1.3282 last known on 04-12-2023 at 22:47 UTC+1
Investment horizon: INTRADAY