Our pivot point is at 1.2762.
Our preference: our next up target stands at 1.2899
Alternative scenario: below 1.2762, expect 1.2720 and 1.2695.
Comment: the RSI is above its neutrality area at 50. The MACD is above its signal line and negative. The MACD must break above its zero level to trigger further gains. Moreover, the price is above its 20 and 50 period moving average (respectively at 1.2789 and 1.2799).
Supports and resistances:
1.2949 **
1.2924 *
1.2899 **
1.2874
1.2805 last
1.2779
1.2762 **
1.2720 *
1.2695 **
Head of Research at TRADING CENTRAL: Rémy GAUSSENS
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Written on 04-09-2025 at 21:30 UTC+1
Price reference: 1.2805 last known on 04-09-2025 at 21:30 UTC+1
Investment horizon: INTRADAY
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