Our pivot point is at 1.0385.
Our preference: rebound.
Alternative scenario: the downside breakout of 1.0385 would call for 1.0357 and 1.0340.
Comment: the RSI is above its neutrality area at 50. The MACD is above its signal line and negative. The MACD must break above its zero level to call for further upside. Moreover, the price is trading above its 20 period moving average (1.0410) but under its 50 period moving average (1.0423).
Supports and resistances:
1.0497 **
1.0480 *
1.0464 **
1.0447
1.0414 last
1.0396
1.0385 **
1.0357 *
1.0340 **
Head of Research at TRADING CENTRAL: Rémy GAUSSENS
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Written on 01-29-2025 at 16:46 UTC+1
Price reference: 1.0414 last known on 01-29-2025 at 16:46 UTC+1
Investment horizon: INTRADAY
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