Our pivot point stands at 1.2447.
Our preference: the downside prevails as long as 1.2447 is resistance.
Alternative scenario: above 1.2447, look for 1.2485 and 1.2507.
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 1.2428 and 1.2433).
Supports and resistances:
1.2507 **
1.2485 *
1.2447 **
1.2432
1.2411 last
1.2365
1.2342 **
1.2319 *
1.2297 **
Head of Research at TRADING CENTRAL: Rémy GAUSSENS
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Written on 02-07-2025 at 21:34 UTC+1
Price reference: 1.2411 last known on 02-07-2025 at 21:34 UTC+1
Investment horizon: INTRADAY
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