Our pivot point stands at 1.2198.
Our preference: as long as 1.2198 is support look for 1.2311.
Alternative scenario: below 1.2198, expect 1.2160 and 1.2137.
Comment: the RSI is above its neutrality area at 50. The MACD is below its signal line and positive. The pair could retrace. Moreover, the price is above its 20 and 50 period moving average (respectively at 1.2238 and 1.2219).
Supports and resistances:
1.2357 **
1.2334 *
1.2311 **
1.2288
1.2241 last
1.2213
1.2198 **
1.2160 *
1.2137 **
Head of Research at TRADING CENTRAL: Rémy GAUSSENS
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Written on 01-15-2025 at 21:35 UTC+1
Price reference: 1.2241 last known on 01-15-2025 at 21:35 UTC+1
Investment horizon: INTRADAY
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