Our pivot point is at 1.0252.
Our preference: our next up target stands at 1.0355.
Alternative scenario: below 1.0252, expect 1.0223 and 1.0207.
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 is above its 20 and 50 period moving average (respectively at 1.0286 and 1.0290).
Supports and resistances:
1.0388 **
1.0372 *
1.0355 **
1.0338
1.0294 last
1.0263
1.0252 **
1.0223 *
1.0207 **
Head of Research at TRADING CENTRAL: Rémy GAUSSENS
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Written on 01-16-2025 at 16:23 UTC+1
Price reference: 1.0294 last known on 01-16-2025 at 16:23 UTC+1
Investment horizon: INTRADAY
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