Our pivot point is at 1.0467.
Our preference: as long as 1.0467 is support look for 1.0550.
Alternative scenario: below 1.0467, expect 1.0437 and 1.0419.
Comment: the RSI is above 50. The MACD is below its signal line and positive. The pair could retrace. Moreover, the price is above its 20 and 50 period moving average (respectively at 1.0494 and 1.0463).
Supports and resistances:
1.0585 **
1.0567 *
1.0550 **
1.0532
1.0496 last
1.0479
1.0467 **
1.0437 *
1.0419 **
Head of Research at TRADING CENTRAL: Rémy GAUSSENS
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Written on 01-24-2025 at 21:24 UTC+1
Price reference: 1.0496 last known on 01-24-2025 at 21:24 UTC+1
Investment horizon: INTRADAY
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