Our pivot point is at 1.0472.
Our preference: the upside prevails as long as 1.0472 is support
Alternative scenario: below 1.0472, expect 1.0443 and 1.0426.
Comment: the RSI is above its neutrality area at 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the price is above its 20 and 50 period moving average (respectively at 1.0477 and 1.0472). Finally, the EUR/USD is trading above its upper Bollinger band (standing at 1.0497).
Supports and resistances:
1.0584 **
1.0567 *
1.0550 **
1.0533
1.0499 last
1.0483
1.0472 **
1.0443 *
1.0426 **
Head of Research at TRADING CENTRAL: Rémy GAUSSENS
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Written on 02-25-2025 at 19:37 UTC+1
Price reference: 1.0499 last known on 02-25-2025 at 19:37 UTC+1
Investment horizon: INTRADAY
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