Our pivot point stands at 1.0301.
Our preference: the upside prevails as long as 1.0301 is support.
Alternative scenario: the downside breakout of 1.0301 would call for 1.0272 and 1.0255.
Comment: the RSI is above its neutrality area at 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 1.0310 and 1.0303).
Supports and resistances:
1.0416 **
1.0399 *
1.0382 **
1.0365
1.0325 last
1.0312
1.0301 **
1.0272 *
1.0255 **
Head of Research at TRADING CENTRAL: Rémy GAUSSENS
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Written on 01-15-2025 at 16:46 UTC+1
Price reference: 1.0325 last known on 01-15-2025 at 16:46 UTC+1
Investment horizon: INTRADAY
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