1.0397 is our pivot point.
Our preference: as long as 1.0397 is support look for 1.0483.
Alternative scenario: below 1.0397, expect 1.0368 and 1.0350.
Comment: the RSI is above 50. The MACD is positive and below its signal line. The pair could retrace. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 1.0423 and 1.0419).
Supports and resistances:
1.0518 **
1.0500 *
1.0483 **
1.0465
1.0427 last
1.0409
1.0397 **
1.0368 *
1.0350 **
Head of Research at TRADING CENTRAL: Rémy GAUSSENS
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Written on 12-27-2024 at 17:30 UTC+1
Price reference: 1.0427 last known on 12-27-2024 at 17:30 UTC+1
Investment horizon: INTRADAY
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