1.0415 is our pivot point.
Our preference: the upside prevails as long as 1.0415 is support.
Alternative scenario: below 1.0415, expect 1.0384 and 1.0366.
Comment: the RSI is above 70. It could mean either that the pair is in a lasting uptrend or just overbought and therefore bound to correct (look for bearish divergence in this case). The MACD is above its signal line and positive. The configuration is positive. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 1.0412 and 1.0386).
Supports and resistances:
1.0537 **
1.0519 *
1.0501 **
1.0483
1.0445 last
1.0426
1.0415 **
1.0384 *
1.0366 **
Head of Research at TRADING CENTRAL: Rémy GAUSSENS
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Written on 12-20-2024 at 21:32 UTC+1
Price reference: 1.0445 last known on 12-20-2024 at 21:32 UTC+1
Investment horizon: INTRADAY
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