Our pivot point is at 1.2570.
Our preference: rise to 1.2669.
Alternative scenario: the downside breakout of 1.2570 would call for 1.2531 and 1.2509.
Comment: the RSI is below its neutrality area at 50. The MACD is positive and above its signal line. The break above the 50 area on the RSI should trigger further gains. Moreover, the pair is trading under its 20 period moving average (1.2603) but above its 50 period moving average (1.2599).
Supports and resistances:
1.2714 **
1.2691 *
1.2669 **
1.2646
1.2600 last
1.2585
1.2570 **
1.2531 *
1.2509 **
Head of Research at TRADING CENTRAL: Rémy GAUSSENS
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Written on 02-17-2025 at 21:26 UTC+1
Price reference: 1.2600 last known on 02-17-2025 at 21:26 UTC+1
Investment horizon: INTRADAY
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