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As long as 1.25 USD remains a support, the movement may join 1.32 USD over the short term. The breaking of 1.25 USD would invalidate this opinion and open the door for 1.24 USD.
The MACD is negative but is situated above its signal line: the trend is changing. Now, the MACD must clear zero for the rise to continue in the coming days. The RSI is above 50, this confirms the sound positioning of the cross But the Stochastics indicators are high, which calls for prudence in the very short-term. The volumes traded are more than the average volumes over the last 10 days.
Since the recent low at 1.27 USD the cross has been in a phase of technical recovery towards its 50-day moving average located at 1.3: the price reaction on this level will allow us to envisage a continuation of the movement in the medium term. To alleviate this position, we could wait to test the short-term resistances located at 1.32 USD and 1.33 USD. The supports are at 1.27 USD then at 1.25 USD .