1.2657 is our pivot point.
Our preference: the upside prevails as long as 1.2657 is support.
Alternative scenario: below 1.2657, expect 1.2624 and 1.2604.
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 1.2665 and 1.2643).
Supports and resistances:
1.2787 **
1.2767 *
1.2748 **
1.2728
1.2689 last
1.2670
1.2657 **
1.2624 *
1.2604 **
Head of Research at TRADING CENTRAL: Rémy GAUSSENS
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Written on 12-16-2024 at 20:02 UTC+1
Price reference: 1.2689 last known on 12-16-2024 at 20:02 UTC+1
Investment horizon: INTRADAY
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