Pivot: 1.2470
Our preference: short positions below 1.2470 with targets at 1.2400 & 1.2375 in extension.
Alternative scenario: above 1.2470 look for further upside with 1.2495 & 1.2520 as targets.
Comment: as long as 1.2470 is resistance, look for choppy price action with a bearish bias.
Supports and resistances:
1.2520
1.2495
1.2470
1.2430 Last
1.2400
1.2375
1.2350
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 04-17-2024 at 06:12 UTC+1
Price reference: 1.2430 last known on 04-17-2024 at 06:12 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