Our pivot point is at 1.2327.
Our preference: The downside prevails as long as 1.2327 is resistance, with 1.2272 and 1.2257 as targets
Alternative scenario: above 1.2327, look for 1.2351 and 1.2365.
Comment: the RSI is below its neutrality area at 50. The MACD is above its signal line and negative. The price stands below its 20 and 50 period moving average (respectively at 1.2307 and 1.2317).
Supports and resistances:
1.2365 **
1.2351 *
1.2327 **
1.2302 last
1.2272
1.2257 **
1.2243 *
Head of Research at TRADING CENTRAL: Rémy GAUSSENS
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Written on 10-20-2026 at 13:00 UTC+1
Price reference: 1.2302 last known on 10-20-2026 at 13:00 UTC+1
Investment horizon: INTRADAY
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