Our pivot point is at 1.2410.
Our preference: rebound.
Alternative scenario: below 1.2410, expect 1.2372 and 1.2349.
Comment: the RSI is above its neutrality area at 50. The MACD is negative and above its signal line. The MACD must break above its zero level to trigger further gains. Moreover, the price is trading above its 20 period moving average (1.2420) but under its 50 period moving average (1.2456).
Supports and resistances:
1.2554 **
1.2531 *
1.2508 **
1.2486
1.2440 last
1.2425
1.2410 **
1.2372 *
1.2349 **
Head of Research at TRADING CENTRAL: Rémy GAUSSENS
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Written on 02-06-2025 at 22:09 UTC+1
Price reference: 1.2440 last known on 02-06-2025 at 22:09 UTC+1
Investment horizon: INTRADAY
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