1.0397 is our pivot point.
Our preference: as long as 1.0397 is support look for 1.0480.
Alternative scenario: the downside breakout of 1.0397 would call for 1.0368 and 1.0350.
Comment: the RSI is above its neutrality area at 50. The MACD is positive and below its signal line. The pair could retrace. Moreover, the price is below its 20 period moving average (1.0425) but above its 50 period moving average (1.0420).
Supports and resistances:
1.0516 **
1.0498 *
1.0480 **
1.0463
1.0425 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 19:32 UTC+1
Price reference: 1.0425 last known on 12-27-2024 at 19:32 UTC+1
Investment horizon: INTRADAY
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