1.0370 is our pivot point.
Our preference: rebound.
Alternative scenario: below 1.0370, expect 1.0338 and 1.0320.
Comment: the RSI is above 50. The MACD is negative and above its signal line. The MACD must break above its zero level to trigger further gains. Moreover, the price is trading above its 20 period moving average (1.0395) but under its 50 period moving average (1.0404).
Supports and resistances:
1.0500 **
1.0481 *
1.0462 **
1.0444
1.0400 last
1.0382
1.0370 **
1.0338 *
1.0320 **
Head of Research at TRADING CENTRAL: Rémy GAUSSENS
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Written on 11-25-2022 at 19:42 UTC+1
Price reference: 1.0400 last known on 11-25-2022 at 19:42 UTC+1
Investment horizon: INTRADAY
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