Pivot: 1.0380
Our preference: long positions above 1.0380 with targets at 1.0425 & 1.0445 in extension.
Alternative scenario: below 1.0380 look for further downside with 1.0350 & 1.0320 as targets.
Comment: even though a continuation of the consolidation cannot be ruled out, its extent should be limited.
Supports and resistances:
1.0465
1.0445
1.0425
1.0398 Last
1.0380
1.0350
1.0320
Head of Research at TRADING CENTRAL: Rémy GAUSSENS
TRADING CENTRAL is governed by the Code of Conduct of ANACOFI-CIF, an association approved by the Autorité des Marchés Financiers and registered with ORIAS under number 17005458.
Written on 02-06-2025 at 02:41 UTC+1
Price reference: 1.0398 last known on 02-06-2025 at 02:41 UTC+1
Investment horizon: INTRADAY
TRADING CENTRAL recommends reading the legal and regulatory information as well as the warnings concerning the information provided accessible from the following link : https://global.tradingcentral.com/www/pdf/terms_of_use_web_sites_en.pdf