Our pivot point is at 1.0402.
Our preference: as long as 1.0402 is support look for 1.0485.
Alternative scenario: the downside breakout of 1.0402 would call for 1.0373 and 1.0355.
Comment: the RSI is above its neutrality area at 50. The MACD is below its signal line and positive. The pair could retrace. Moreover, the price is above its 20 and 50 period moving average (respectively at 1.0424 and 1.0419).
Supports and resistances:
1.0520 **
1.0503 *
1.0485 **
1.0468
1.0427 last
1.0414
1.0402 **
1.0373 *
1.0355 **
Head of Research at TRADING CENTRAL: Rémy GAUSSENS
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Written on 12-27-2024 at 17:57 UTC+1
Price reference: 1.0427 last known on 12-27-2024 at 17:57 UTC+1
Investment horizon: INTRADAY
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