Our pivot point is at 1.0475.
Our preference: as long as 1.0475 is support look for 1.0553.
Alternative scenario: the downside breakout of 1.0475 would call for 1.0445 and 1.0427.
Comment: the RSI is above 50. The MACD is positive and below its signal line. The pair could retrace. Moreover, the price is above its 20 and 50 period moving average (respectively at 1.0497 and 1.0489).
Supports and resistances:
1.0588 **
1.0571 *
1.0553 **
1.0535
1.0499 last
1.0487
1.0475 **
1.0445 *
1.0427 **
Head of Research at TRADING CENTRAL: Rémy GAUSSENS
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Written on 01-27-2025 at 17:06 UTC+1
Price reference: 1.0499 last known on 01-27-2025 at 17:06 UTC+1
Investment horizon: INTRADAY
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