Our pivot point stands at 1.0355.
Our preference: the upside prevails as long as 1.0355 is support.
Alternative scenario: the downside breakout of 1.0355 would call for 1.0326 and 1.0309.
Comment: the RSI is above 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 1.0349 and 1.0312).
Supports and resistances:
1.0484 **
1.0467 *
1.0450 **
1.0433
1.0378 last
1.0366
1.0355 **
1.0326 *
1.0309 **
Head of Research at TRADING CENTRAL: Rémy GAUSSENS
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Written on 01-20-2025 at 18:21 UTC+1
Price reference: 1.0378 last known on 01-20-2025 at 18:21 UTC+1
Investment horizon: INTRADAY
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