1.2577 is our pivot point.
Our preference: as long as 1.2577 is support look for 1.2679.
Alternative scenario: the downside breakout of 1.2577 would call for 1.2538 and 1.2515.
Comment: the RSI is above its neutrality area at 50. The MACD is positive and below its signal line. The pair could retrace. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 1.2598 and 1.2572).
Supports and resistances:
1.2725 **
1.2702 *
1.2679 **
1.2656
1.2607 last
1.2592
1.2577 **
1.2538 *
1.2515 **
Head of Research at TRADING CENTRAL: Rémy GAUSSENS
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Written on 02-14-2025 at 19:13 UTC+1
Price reference: 1.2607 last known on 02-14-2025 at 19:13 UTC+1
Investment horizon: INTRADAY
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