Our pivot point is at 1.2625.
Our preference: the upside prevails as long as 1.2625 is support
Alternative scenario: below 1.2625, expect 1.2584 and 1.2559.
Comment: the RSI is above 70. It could mean either that the price is in a lasting uptrend or just overbought and therefore bound to correct (look for bearish divergence in this case). 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 1.2641 and 1.2634).
Supports and resistances:
1.2801 **
1.2776 *
1.2751 **
1.2726
1.2676 last
1.2642
1.2625 **
1.2584 *
1.2559 **
Head of Research at TRADING CENTRAL: Rémy GAUSSENS
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Written on 02-25-2025 at 21:52 UTC+1
Price reference: 1.2676 last known on 02-25-2025 at 21:52 UTC+1
Investment horizon: INTRADAY
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