Our pivot point is at 1.2500.
Our preference: our next up target stands at 1.2571.
Alternative scenario: the downside breakout of 1.2500 would call for 1.2474 and 1.2458.
Comment: the RSI is above 50. The MACD is negative and above its signal line. The MACD must break above its zero level to trigger further gains. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 1.2510 and 1.2520).
Supports and resistances:
1.2602 **
1.2586 *
1.2571 **
1.2555
1.2521 last
1.2510
1.2500 **
1.2474 *
1.2458 **
Head of Research at TRADING CENTRAL: Rémy GAUSSENS
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Written on 05-02-2024 at 20:09 UTC+1
Price reference: 1.2521 last known on 05-02-2024 at 20:09 UTC+1
Investment horizon: INTRADAY
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