Pivot: 1.2720
Our preference: short positions below 1.2720 with targets at 1.2670 & 1.2640 in extension.
Alternative scenario: above 1.2720 look for further upside with 1.2745 & 1.2765 as targets.
Comment: as long as 1.2720 is resistance, look for choppy price action with a bearish bias.
Supports and resistances:
1.2765
1.2745
1.2720
1.2684 Last
1.2670
1.2640
1.2620
Head of Research at TRADING CENTRAL: Rémy GAUSSENS
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Written on 12-02-2024 at 06:47 UTC+1
Price reference: 1.2684 last known on 12-02-2024 at 06:47 UTC+1
Investment horizon: INTRADAY
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