Our pivot point is at 2.2920.
Our preference: the upside prevails as long as 2.2920 is support.
Alternative scenario: the downside breakout of 2.2920 would call for 2.2183 and 2.1744.
Comment: the RSI is trading above 70. This could mean that either the price is in a lasting uptrend or just overbought and that therefore a correction could shape (look for bearish divergence in this case). The MACD is positive and above its signal line. The configuration is positive. Moreover, the price is above its 20 and 50 period moving average (respectively at 2.3030 and 2.2370).
Supports and resistances:
2.6055 **
2.5610 *
2.5165 **
2.4720
2.3708 last
2.3210
2.2920 **
2.2183 *
2.1744 **
Head of Research at TRADING CENTRAL: Rémy GAUSSENS
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Written on 12-21-2024 at 08:52 UTC+1
Price reference: 2.3708 last known on 12-21-2024 at 08:52 UTC+1
Investment horizon: INTRADAY
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