Our pivot point is at 1.2749.
Our preference: target 1.2633
Alternative scenario: above 1.2749, look for 1.2791 and 1.2815.
Comment: the RSI is below its neutrality area at 50. The MACD is below its signal line and positive. The MACD must penetrate its zero line to expect further downside. Moreover, the price is below its 20 period moving average (1.2716) but above its 50 period moving average (1.2706).
Supports and resistances:
1.2815 **
1.2791 *
1.2749 **
1.2732
1.2711 last
1.2657
1.2633 **
1.2608 *
1.2583 **
Head of Research at TRADING CENTRAL: Rémy GAUSSENS
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Written on 03-04-2025 at 21:28 UTC+1
Price reference: 1.2711 last known on 03-04-2025 at 21:28 UTC+1
Investment horizon: INTRADAY
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