1.0431 is our pivot point.
Our preference: the downside prevails as long as 1.0431 is resistance.
Alternative scenario: the upside breakout of 1.0431, would call for 1.0461 and 1.0479.
Comment: the RSI is below 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 1.0404 and 1.0408).
Supports and resistances:
1.0479 **
1.0461 *
1.0431 **
1.0420
1.0404 last
1.0336
1.0319 **
1.0301 *
1.0283 **
Head of Research at TRADING CENTRAL: Rémy GAUSSENS
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Written on 01-23-2025 at 17:24 UTC+1
Price reference: 1.0404 last known on 01-23-2025 at 17:24 UTC+1
Investment horizon: INTRADAY
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