Our pivot point stands at 1.0371.
Our preference: the upside prevails as long as 1.0371 is support.
Alternative scenario: below 1.0371, expect 1.0341 and 1.0323.
Comment: the RSI is above 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the price is above its 20 and 50 period moving average (respectively at 1.0369 and 1.0386). Finally, the EUR/USD is trading above its upper Bollinger band (standing at 1.0402).
Supports and resistances:
1.0493 **
1.0475 *
1.0457 **
1.0439
1.0404 last
1.0382
1.0371 **
1.0341 *
1.0323 **
Head of Research at TRADING CENTRAL: Rémy GAUSSENS
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Written on 01-21-2025 at 16:43 UTC+1
Price reference: 1.0404 last known on 01-21-2025 at 16:43 UTC+1
Investment horizon: INTRADAY
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