Our pivot point stands at 1.2205.
Our preference: the downside prevails as long as 1.2205 is resistance.
Alternative scenario: the upside breakout of 1.2205, would call for 1.2243 and 1.2266.
Comment: the RSI is below its neutrality area at 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the price stands below its 20 and 50 period moving average (respectively at 1.2183 and 1.2205).
Supports and resistances:
1.2266 **
1.2243 *
1.2205 **
1.2190
1.2169 last
1.2122
1.2099 **
1.2076 *
1.2053 **
Head of Research at TRADING CENTRAL: Rémy GAUSSENS
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Written on 01-17-2025 at 21:55 UTC+1
Price reference: 1.2169 last known on 01-17-2025 at 21:55 UTC+1
Investment horizon: INTRADAY
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