Our pivot point is at 1.2820.
Our preference: the downside prevails as long as 1.2820 is resistance
Alternative scenario: above 1.2820, look for 1.2862 and 1.2887.
Comment: the RSI is below its neutrality area at 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the price stands below its 20 and 50 period moving average (respectively at 1.2801 and 1.2798).
Supports and resistances:
1.2887 **
1.2862 *
1.2820 **
1.2804
1.2770 last
1.2715
1.2690 **
1.2666 *
1.2641 **
Head of Research at TRADING CENTRAL: Rémy GAUSSENS
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Written on 04-09-2025 at 18:03 UTC+1
Price reference: 1.2770 last known on 04-09-2025 at 18:03 UTC+1
Investment horizon: INTRADAY
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