Our pivot point stands at 1.2570.
Our preference: rise to 1.2669.
Alternative scenario: below 1.2570, expect 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 would call for further upside. Moreover, the price is below 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 21:37 UTC+1
Price reference: 1.2600 last known on 02-17-2025 at 21:37 UTC+1
Investment horizon: INTRADAY
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