1.2384 is our pivot point.
Our preference: rebound towards 1.2505.
Alternative scenario: the downside breakout of 1.2384 would call for 1.2345 and 1.2323.
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 (1.2423) but below its 50 period moving average (1.2470).
Supports and resistances:
1.2551 **
1.2528 *
1.2505 **
1.2482
1.2430 last
1.2398
1.2384 **
1.2345 *
1.2323 **
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 17:23 UTC+1
Price reference: 1.2430 last known on 02-06-2025 at 17:23 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