Our pivot point is at 1.2581.
Our preference: as long as 1.2581 is support look for 1.2696
Alternative scenario: below 1.2581, expect 1.2539 and 1.2515.
Comment: the RSI is above its neutrality area at 50. The MACD is below its signal line and positive. The price could retrace. Moreover, the price is below its 20 period moving average (1.2618) but above its 50 period moving average (1.2610).
Supports and resistances:
1.2746 **
1.2721 *
1.2696 **
1.2672
1.2617 last
1.2597
1.2581 **
1.2539 *
1.2515 **
Head of Research at TRADING CENTRAL: Rémy GAUSSENS
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Written on 02-19-2025 at 08:54 UTC+1
Price reference: 1.2617 last known on 02-19-2025 at 08:54 UTC+1
Investment horizon: INTRADAY
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