Our pivot point stands at 1.0401.
Our preference: as long as 1.0401 is support look for 1.0481.
Alternative scenario: below 1.0401, expect 1.0372 and 1.0354.
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 1.0426 and 1.0420).
Supports and resistances:
1.0516 **
1.0499 *
1.0481 **
1.0463
1.0428 last
1.0413
1.0401 **
1.0372 *
1.0354 **
Head of Research at TRADING CENTRAL: Rémy GAUSSENS
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Written on 12-27-2024 at 19:40 UTC+1
Price reference: 1.0428 last known on 12-27-2024 at 19:40 UTC+1
Investment horizon: INTRADAY
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