Our pivot point is at 1.2424.
Our preference: The upside prevails as long as 1.2424 is support, with 1.2491 and 1.2509 as targets
Alternative scenario: below 1.2424, expect 1.2395 and 1.2378.
Comment: the RSI is above its neutrality area at 50. The MACD is above its signal line and positive. The configuration is positive. The price is above its 20 and 50 period moving average (respectively at 1.2432 and 1.2448).
Supports and resistances:
1.2526 *
1.2509 **
1.2491
1.2456 last
1.2424 **
1.2395 *
1.2378 **
Head of Research at TRADING CENTRAL: Rémy GAUSSENS
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Written on 11-05-2026 at 13:00 UTC+1
Price reference: 1.2456 last known on 11-05-2026 at 13:00 UTC+1
Investment horizon: INTRADAY
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