Our pivot point is at 1.0782.
Our preference: as long as 1.0782 is resistance look for 1.0733
Alternative scenario: above 1.0782, look for 1.0799 and 1.0809.
Comment: the RSI is below its neutrality area at 50. The MACD is above its signal line and positive. The break above the 50 area on the RSI should trigger further gains. Moreover, the price stands below its 20 and 50 period moving average (respectively at 1.0770 and 1.0773).
Supports and resistances:
1.0809 **
1.0799 *
1.0782 **
1.0775
1.0769 last
1.0743
1.0733 **
1.0723 *
1.0713 **
Head of Research at TRADING CENTRAL: Rémy GAUSSENS
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Written on 06-02-2025 at 16:33 UTC+1
Price reference: 1.0769 last known on 06-02-2025 at 16:33 UTC+1
Investment horizon: INTRADAY
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