Our pivot point is at 1.1373.
Our preference: as long as 1.1373 is resistance look for 1.1289
Alternative scenario: above 1.1373, look for 1.1403 and 1.1422.
Comment: the RSI is below its neutrality area at 50. The MACD is above its signal line and positive. The break above the 50 area on the RSI should trigger further gains. Moreover, the price stands below its 20 and 50 period moving average (respectively at 1.1347 and 1.1350).
Supports and resistances:
1.1422 **
1.1403 *
1.1373 **
1.1361
1.1344 last
1.1307
1.1289 **
1.1271 *
1.1253 **
Head of Research at TRADING CENTRAL: Rémy GAUSSENS
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Written on 05-31-2025 at 03:00 UTC+1
Price reference: 1.1345 last known on 05-31-2025 at 03:00 UTC+1
Investment horizon: INTRADAY
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