Our pivot point is at 1.2349.
Our preference: the downside prevails as long as 1.2349 is resistance.
Alternative scenario: above 1.2349, look for 1.2387 and 1.2410.
Comment: the RSI is below its neutrality area at 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the price stands below its 20 and 50 period moving average (respectively at 1.2330 and 1.2337).
Supports and resistances:
1.2410 **
1.2387 *
1.2349 **
1.2333
1.2316 last
1.2268
1.2245 **
1.2222 *
1.2199 **
Head of Research at TRADING CENTRAL: Rémy GAUSSENS
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Written on 01-22-2025 at 22:39 UTC+1
Price reference: 1.2316 last known on 01-22-2025 at 22:39 UTC+1
Investment horizon: INTRADAY
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