Our pivot point is at 1.2979.
Our preference: as long as 1.2979 is resistance look for 1.2863
Alternative scenario: above 1.2979, look for 1.3022 and 1.3047.
Comment: the RSI is above its neutrality area at 50. The MACD is below its signal line and negative. The penetration of 50 on the RSI should trigger further losses. Moreover, the price stands above its 20 period moving average (1.2943) but below its 50 period moving average (1.2946).
Supports and resistances:
1.3047 **
1.3022 *
1.2979 **
1.2962
1.2945 last
1.2888
1.2863 **
1.2837 *
1.2812 **
Head of Research at TRADING CENTRAL: Rémy GAUSSENS
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Written on 03-28-2025 at 20:49 UTC+1
Price reference: 1.2945 last known on 03-28-2025 at 20:49 UTC+1
Investment horizon: INTRADAY
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