Our pivot point is at 1.0430.
Our preference: target 1.0349.
Alternative scenario: above 1.0430, look for 1.0459 and 1.0476.
Comment: the RSI is below 50. The MACD is below its signal line and positive. The MACD must penetrate its zero line to expect further downside. Moreover, the pair is trading under its 20 period moving average (1.0415) but above its 50 period moving average (1.0399).
Supports and resistances:
1.0476 **
1.0459 *
1.0430 **
1.0418
1.0403 last
1.0367
1.0349 **
1.0332 *
1.0315 **
Head of Research at TRADING CENTRAL: Rémy GAUSSENS
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Written on 02-05-2025 at 22:18 UTC+1
Price reference: 1.0403 last known on 02-05-2025 at 22:18 UTC+1
Investment horizon: INTRADAY
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