Our pivot point is at 1.2265.
Our preference: the upside prevails as long as 1.2265 is support.
Alternative scenario: below 1.2265, expect 1.2226 and 1.2203.
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 above its 20 and 50 period moving average (respectively at 1.2263 and 1.2287).
Supports and resistances:
1.2419 **
1.2396 *
1.2373 **
1.2350
1.2302 last
1.2280
1.2265 **
1.2226 *
1.2203 **
Head of Research at TRADING CENTRAL: Rémy GAUSSENS
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Written on 01-21-2025 at 16:44 UTC+1
Price reference: 1.2302 last known on 01-21-2025 at 16:44 UTC+1
Investment horizon: INTRADAY
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