Our pivot point is at 1.1307.
Our preference: as long as 1.1307 is resistance look for 1.0620
Alternative scenario: above 1.1307, look for 1.1551 and 1.1696.
Comment: the RSI is below its neutrality area at 50. The MACD is above its signal line and positive. The break above the 50 area on the RSI should trigger further gains. Moreover, the price stands below its 20 and 50 period moving average (respectively at 1.1091 and 1.1082).
Supports and resistances:
1.1696 **
1.1551 *
1.1307 **
1.1211
1.1061 last
1.0765
1.0620 **
1.0475 *
1.0331 **
Head of Research at TRADING CENTRAL: Rémy GAUSSENS
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Written on 06-02-2025 at 09:15 UTC+1
Price reference: 1.1061 last known on 06-02-2025 at 09:15 UTC+1
Investment horizon: ST
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