Pivot: 1.2545
Our preference: short positions below 1.2545 with targets at 1.2440 & 1.2385 in extension.
Alternative scenario: above 1.2545 look for further upside with 1.2580 & 1.2620 as targets.
Comment: as long as 1.2545 is resistance, look for choppy price action with a bearish bias.
Supports and resistances:
1.2620
1.2580
1.2545
1.2496 Last
1.2440
1.2385
1.2350
Head of Research at TRADING CENTRAL: Rémy GAUSSENS
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Written on 12-20-2024 at 10:50 UTC+1
Price reference: 1.2496 last known on 12-20-2024 at 10:50 UTC+1
Investment horizon: INTRADAY
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