Our pivot point stands at 1.0185.
Our preference: rebound.
Alternative scenario: the downside breakout of 1.0185 would call for 1.0156 and 1.0140.
Comment: the RSI is above its neutrality area at 50. The MACD is negative and above its signal line. The MACD must break above its zero level to trigger further gains. Moreover, the price stands above its 20 period moving average (1.0206) but below its 50 period moving average (1.0219).
Supports and resistances:
1.0300 **
1.0283 *
1.0266 **
1.0250
1.0214 last
1.0196
1.0185 **
1.0156 *
1.0140 **
Head of Research at TRADING CENTRAL: Rémy GAUSSENS
TRADING CENTRAL is governed by the Code of Conduct of ANACOFI-CIF, an association approved by the Autorité des Marchés Financiers and registered with ORIAS under number 17005458.
Written on 01-13-2025 at 21:34 UTC+1
Price reference: 1.0214 last known on 01-13-2025 at 21:34 UTC+1
Investment horizon: INTRADAY
TRADING CENTRAL recommends reading the legal and regulatory information as well as the warnings concerning the information provided accessible from the following link : https://global.tradingcentral.com/www/pdf/terms_of_use_web_sites_en.pdf