Our pivot point stands at 1.2158.
Our preference: rebound.
Alternative scenario: below 1.2158, expect 1.2120 and 1.2097.
Comment: the RSI is above 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 trading above its 20 period moving average (1.2204) but under its 50 period moving average (1.2221).
Supports and resistances:
1.2336 **
1.2313 *
1.2290 **
1.2267
1.2210 last
1.2173
1.2158 **
1.2120 *
1.2097 **
Head of Research at TRADING CENTRAL: Rémy GAUSSENS
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Written on 01-16-2025 at 16:25 UTC+1
Price reference: 1.2210 last known on 01-16-2025 at 16:25 UTC+1
Investment horizon: INTRADAY
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