1.2570 is our pivot point.
Our preference: the upside prevails as long as 1.2570 is support.
Alternative scenario: the downside breakout of 1.2570 would call for 1.2537 and 1.2518.
Comment: the RSI is above 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the price is above its 20 and 50 period moving average (respectively at 1.2558 and 1.2521).
Supports and resistances:
1.2700 **
1.2681 *
1.2661 **
1.2642
1.2598 last
1.2582
1.2570 **
1.2537 *
1.2518 **
Head of Research at TRADING CENTRAL: Rémy GAUSSENS
TRADING CENTRAL is governed by the Code of Conduct of ANACOFI-CIF, an association approved by the Autorité des Marchés Financiers and registered with ORIAS under number 17005458.
Written on 12-20-2024 at 21:34 UTC+1
Price reference: 1.2598 last known on 12-20-2024 at 21:34 UTC+1
Investment horizon: INTRADAY
TRADING CENTRAL recommends reading the legal and regulatory information as well as the warnings concerning the information provided accessible from the following link : https://global.tradingcentral.com/www/pdf/terms_of_use_web_sites_en.pdf