Our pivot point is at 1.0403.
Our preference: the downside prevails as long as 1.0403 is resistance.
Alternative scenario: above 1.0403, look for 1.0432 and 1.0449.
Comment: the RSI is below 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 1.0381 and 1.0381).
Supports and resistances:
1.0449 **
1.0432 *
1.0403 **
1.0391
1.0374 last
1.0334
1.0317 **
1.0300 *
1.0282 **
Head of Research at TRADING CENTRAL: Rémy GAUSSENS
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Written on 02-07-2025 at 16:47 UTC+1
Price reference: 1.0374 last known on 02-07-2025 at 16:47 UTC+1
Investment horizon: INTRADAY
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