Our pivot point is at 1.2580.
Our preference: rise to 1.2684
Alternative scenario: below 1.2580, expect 1.2543 and 1.2521.
Comment: the RSI is below its neutrality area at 50. The MACD is above its signal line and positive. The break above the 50 area on the RSI should trigger further gains. Moreover, the price is below its 20 period moving average (1.2611) but above its 50 period moving average (1.2606).
Supports and resistances:
1.2729 **
1.2707 *
1.2684 **
1.2662
1.2611 last
1.2595
1.2580 **
1.2543 *
1.2521 **
Head of Research at TRADING CENTRAL: Rémy GAUSSENS
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Written on 02-19-2025 at 02:45 UTC+1
Price reference: 1.2611 last known on 02-19-2025 at 02:45 UTC+1
Investment horizon: INTRADAY
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