Our pivot point stands at 1.2503.
Our preference: rebound towards 1.2596.
Alternative scenario: below 1.2503, expect 1.2471 and 1.2452.
Comment: the RSI is below 50. The MACD is above its signal line and negative. The configuration is mixed. Moreover, the price is trading above its 20 period moving average (1.2528) but under its 50 period moving average (1.2557).
Supports and resistances:
1.2635 **
1.2616 *
1.2596 **
1.2577
1.2531 last
1.2516
1.2503 **
1.2471 *
1.2452 **
Head of Research at TRADING CENTRAL: Rémy GAUSSENS
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Written on 12-23-2024 at 21:26 UTC+1
Price reference: 1.2531 last known on 12-23-2024 at 21:26 UTC+1
Investment horizon: INTRADAY
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