Pivot: 1.2205
Our preference: short positions below 1.2205 with targets at 1.2140 & 1.2120 in extension.
Alternative scenario: above 1.2205 look for further upside with 1.2230 & 1.2260 as targets.
Comment: as long as 1.2205 is resistance, look for choppy price action with a bearish bias.
Supports and resistances:
1.2260
1.2230
1.2205
1.2176 Last
1.2140
1.2120
1.2100
Head of Research at TRADING CENTRAL: Rémy GAUSSENS
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Written on 01-20-2025 at 02:45 UTC+1
Price reference: 1.2176 last known on 01-20-2025 at 02:45 UTC+1
Investment horizon: INTRADAY
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