1.2482 is our pivot point.
Our preference: target 1.2370.
Alternative scenario: above 1.2482, look for 1.2522 and 1.2546.
Comment: the RSI is below 50. The MACD is positive and below its signal line. The MACD must penetrate its zero line to expect further downside. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 1.2449 and 1.2447).
Supports and resistances:
1.2546 **
1.2522 *
1.2482 **
1.2466
1.2449 last
1.2394
1.2370 **
1.2346 *
1.2322 **
Head of Research at TRADING CENTRAL: Rémy GAUSSENS
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Written on 01-30-2025 at 19:40 UTC+1
Price reference: 1.2449 last known on 01-30-2025 at 19:40 UTC+1
Investment horizon: INTRADAY
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