Our pivot point is at 1.2311.
Our preference: The downside prevails as long as 1.2311 is resistance, with 1.2252 and 1.2236 as targets
Alternative scenario: above 1.2311, look for 1.2339 and 1.2355.
Comment: Prices are now approaching our first target. Reaching this level could trigger a pullback. Conversely, a decisive break below it could lead to a further fall.
Supports and resistances:
1.2355 **
1.2339 *
1.2311 **
1.2272 last
1.2252
1.2236 **
1.2220 *
Head of Research at TRADING CENTRAL: Rémy GAUSSENS
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Written on 10-16-2026 at 10:35 UTC+1
Price reference: 1.2272 last known on 10-16-2026 at 10:35 UTC+1
Investment horizon: INTRADAY
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