Our pivot point is at 1.2152.
Our preference: our next up target stands at 1.2267.
Alternative scenario: the downside breakout of 1.2152 would call for 1.2113 and 1.2090.
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 call for further upside. Moreover, the price is above its 20 and 50 period moving average (respectively at 1.2179 and 1.2193).
Supports and resistances:
1.2313 **
1.2290 *
1.2267 **
1.2244
1.2195 last
1.2167
1.2152 **
1.2113 *
1.2090 **
Head of Research at TRADING CENTRAL: Rémy GAUSSENS
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Written on 01-14-2025 at 19:26 UTC+1
Price reference: 1.2195 last known on 01-14-2025 at 19:26 UTC+1
Investment horizon: INTRADAY
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