Our pivot point is at 1.2399.
Our preference: as long as 1.2399 is support look for 1.2492.
Alternative scenario: below 1.2399, expect 1.2363 and 1.2342.
Comment: the RSI is above its neutrality area at 50. The MACD is below its signal line and positive. The pair could retrace. Moreover, the price is below its 20 period moving average (1.2429) but above its 50 period moving average (1.2406).
Supports and resistances:
1.2535 **
1.2513 *
1.2492 **
1.2471
1.2428 last
1.2413
1.2399 **
1.2363 *
1.2342 **
Head of Research at TRADING CENTRAL: Rémy GAUSSENS
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Written on 04-18-2023 at 21:38 UTC+1
Price reference: 1.2428 last known on 04-18-2023 at 21:38 UTC+1
Investment horizon: INTRADAY
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