Our pivot point stands at 1.2515.
Our preference: the upside prevails as long as 1.2515 is support.
Alternative scenario: below 1.2515, expect 1.2489 and 1.2473.
Comment: the RSI is above its neutrality area at 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the price is above its 20 and 50 period moving average (respectively at 1.2513 and 1.2521).
Supports and resistances:
1.2616 **
1.2601 *
1.2585 **
1.2570
1.2536 last
1.2525
1.2515 **
1.2489 *
1.2473 **
Head of Research at TRADING CENTRAL: Rémy GAUSSENS
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Written on 05-02-2024 at 21:39 UTC+1
Price reference: 1.2536 last known on 05-02-2024 at 21:39 UTC+1
Investment horizon: INTRADAY
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