Pivot: 1.2600
Our preference: long positions above 1.2600 with targets at 1.3144 & 1.3300 in extension.
Alternative scenario: below 1.2600 look for further downside with 1.2440 & 1.2296 as targets.
Comment: even though a continuation of the consolidation cannot be ruled out, its extent should be limited.
Supports and resistances:
1.3750
1.3300
1.3144
1.2837 Last
1.2600
1.2440
1.2296
Head of Research at TRADING CENTRAL: Rémy GAUSSENS
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Written on 07-31-2024 at 09:58 UTC+1
Price reference: 1.2837 last known on 07-31-2024 at 09:58 UTC+1
Investment horizon: ST
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