Our pivot point stands at 1.9094.
Our preference: the downside prevails as long as 1.9094 is resistance.
Alternative scenario: the upside breakout of 1.9094, would call for 1.9196 and 1.9257.
Comment: the RSI is below its neutrality area at 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 1.9033 and 1.9066).
Supports and resistances:
1.9257 **
1.9196 *
1.9094 **
1.9053
1.9009 last
1.8884
1.8823 **
1.8762 *
1.8701 **
Head of Research at TRADING CENTRAL: Rémy GAUSSENS
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Written on 05-02-2025 at 22:03 UTC+1
Price reference: 1.9009 last known on 05-02-2025 at 22:03 UTC+1
Investment horizon: INTRADAY
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