Our pivot point is at 1.2350.
Our preference: The downside prevails as long as 1.2350 is resistance, with 1.2282 and 1.2265 as targets
Alternative scenario: above 1.2350, look for 1.2378 and 1.2396.
Comment: the RSI is below 30. It could either mean that the price is in a lasting downtrend or just oversold and therefore bound to retrace (look for bullish divergence in this case). The MACD is below its signal line and negative. The configuration is negative. The price stands below its 20 and 50 period moving average (respectively at 1.2357 and 1.2378).
Supports and resistances:
1.2396 **
1.2378 *
1.2350 **
1.2316 last
1.2282
1.2265 **
1.2248 *
Head of Research at TRADING CENTRAL: Rémy GAUSSENS
TRADING CENTRAL is governed by the Code of Conduct of ANACOFI-CIF, an association approved by the Autorité des Marchés Financiers and registered with ORIAS under number 17005458.
Written on 11-09-2026 at 07:00 UTC+1
Price reference: 1.2316 last known on 11-09-2026 at 07:00 UTC+1
Investment horizon: INTRADAY
TRADING CENTRAL recommends reading the legal and regulatory information as well as the warnings concerning the information provided accessible from the following link : https://global.tradingcentral.com/www/pdf/terms_of_use_web_sites_en.pdf