Our pivot point stands at 1.2572.
Our preference: as long as 1.2572 is support look for 1.2679.
Alternative scenario: below 1.2572, expect 1.2534 and 1.2511.
Comment: the RSI is above 50. The MACD is below its signal line and positive. The pair could retrace. Moreover, the price is above 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
1.2603 last
1.2588
1.2572 **
1.2534 *
1.2511 **
Head of Research at TRADING CENTRAL: Rémy GAUSSENS
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Written on 02-14-2025 at 19:34 UTC+1
Price reference: 1.2603 last known on 02-14-2025 at 19:34 UTC+1
Investment horizon: INTRADAY
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