Our pivot point stands at 1.0390.
Our preference: the upside prevails as long as 1.0390 is support.
Alternative scenario: below 1.0390, expect 1.0360 and 1.0342.
Comment: the RSI is above 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 1.0375 and 1.0366).
Supports and resistances:
1.0519 **
1.0501 *
1.0483 **
1.0465
1.0416 last
1.0401
1.0390 **
1.0360 *
1.0342 **
Head of Research at TRADING CENTRAL: Rémy GAUSSENS
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Written on 02-12-2025 at 19:30 UTC+1
Price reference: 1.0416 last known on 02-12-2025 at 19:30 UTC+1
Investment horizon: INTRADAY
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