1.0345 is our pivot point.
Our preference: rebound towards 1.0427.
Alternative scenario: the downside breakout of 1.0345 would call for 1.0316 and 1.0299.
Comment: the RSI is below 50. The MACD is negative and above its signal line. The configuration is mixed. Moreover, the price stands above its 20 period moving average (1.0367) but below its 50 period moving average (1.0388).
Supports and resistances:
1.0462 **
1.0444 *
1.0427 **
1.0410
1.0369 last
1.0357
1.0345 **
1.0316 *
1.0299 **
Head of Research at TRADING CENTRAL: Rémy GAUSSENS
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Written on 02-06-2025 at 17:22 UTC+1
Price reference: 1.0369 last known on 02-06-2025 at 17:22 UTC+1
Investment horizon: INTRADAY
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