Our pivot point is at 1.2389.
Our preference: The upside prevails as long as 1.2389 is support, with 1.2444 and 1.2460 as targets
Alternative scenario: below 1.2389, expect 1.2364 and 1.2348.
Comment: Prices are now within reach of our first target, a level that could invite the price to consolidate. On the flip side, a clear break above it may well sustain the upward move.
Supports and resistances:
1.2475 *
1.2460 **
1.2444
1.2432 last
1.2389 **
1.2364 *
1.2348 **
Head of Research at TRADING CENTRAL: Rémy GAUSSENS
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Written on 10-05-2026 at 10:35 UTC+1
Price reference: 1.2433 last known on 10-05-2026 at 10:35 UTC+1
Investment horizon: INTRADAY
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