Our pivot point is at 1.2577.
Our preference: as long as 1.2577 is support look for 1.2696
Alternative scenario: below 1.2577, expect 1.2536 and 1.2511.
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 (1.2617) but above its 50 period moving average (1.2610).
Supports and resistances:
1.2745 **
1.2720 *
1.2696 **
1.2671
1.2616 last
1.2594
1.2577 **
1.2536 *
1.2511 **
Head of Research at TRADING CENTRAL: Rémy GAUSSENS
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Written on 02-19-2025 at 10:54 UTC+1
Price reference: 1.2616 last known on 02-19-2025 at 10:54 UTC+1
Investment horizon: INTRADAY
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