Our pivot point stands at 1.2366.
Our preference: as long as 1.2366 is support look for 1.2474.
Alternative scenario: the downside breakout of 1.2366 would call for 1.2326 and 1.2302.
Comment: the RSI is above 50. The MACD is below its signal line and positive. The pair could retrace. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 1.2381 and 1.2332).
Supports and resistances:
1.2522 **
1.2498 *
1.2474 **
1.2451
1.2398 last
1.2381
1.2366 **
1.2326 *
1.2302 **
Head of Research at TRADING CENTRAL: Rémy GAUSSENS
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Written on 02-03-2025 at 22:21 UTC+1
Price reference: 1.2398 last known on 02-03-2025 at 22:21 UTC+1
Investment horizon: INTRADAY
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