1.2160 is our pivot point.
Our preference: rebound.
Alternative scenario: below 1.2160, expect 1.2121 and 1.2098.
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 (1.2194) but under its 50 period moving average (1.2217).
Supports and resistances:
1.2343 **
1.2320 *
1.2297 **
1.2274
1.2215 last
1.2175
1.2160 **
1.2121 *
1.2098 **
Head of Research at TRADING CENTRAL: Rémy GAUSSENS
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Written on 01-17-2025 at 16:28 UTC+1
Price reference: 1.2215 last known on 01-17-2025 at 16:28 UTC+1
Investment horizon: INTRADAY
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