Our pivot point is at 1.3135.
Our preference: target 1.3017
Alternative scenario: above 1.3135, look for 1.3178 and 1.3203.
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 (1.3146) but above its 50 period moving average (1.3080).
Supports and resistances:
1.3203 **
1.3178 *
1.3135 **
1.3118
1.3099 last
1.3043
1.3017 **
1.2992 *
1.2966 **
Head of Research at TRADING CENTRAL: Rémy GAUSSENS
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Written on 04-03-2025 at 20:13 UTC+1
Price reference: 1.3099 last known on 04-03-2025 at 20:13 UTC+1
Investment horizon: INTRADAY
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