Our pivot point is at 1.2238.
Our preference: the downside prevails as long as 1.2238 is resistance.
Alternative scenario: above 1.2238, look for 1.2273 and 1.2294.
Comment: the RSI is below 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the price stands below its 20 and 50 period moving average (respectively at 1.2252 and 1.2280).
Supports and resistances:
1.2294 **
1.2273 *
1.2238 **
1.2225
1.2210 last
1.2169
1.2148 **
1.2128 *
1.2107 **
Head of Research at TRADING CENTRAL: Rémy GAUSSENS
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Written on 01-10-2025 at 20:49 UTC+1
Price reference: 1.2210 last known on 01-10-2025 at 20:49 UTC+1
Investment horizon: INTRADAY
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