Our pivot point is at 1.0361.
Our preference: the upside prevails as long as 1.0361 is support.
Alternative scenario: the downside breakout of 1.0361 would call for 1.0332 and 1.0315.
Comment: the RSI is above 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 1.0355 and 1.0316).
Supports and resistances:
1.0478 **
1.0461 *
1.0444 **
1.0427
1.0385 last
1.0372
1.0361 **
1.0332 *
1.0315 **
Head of Research at TRADING CENTRAL: Rémy GAUSSENS
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Written on 01-20-2025 at 19:35 UTC+1
Price reference: 1.0385 last known on 01-20-2025 at 19:35 UTC+1
Investment horizon: INTRADAY
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