Our pivot point is at 1.0356.
Our preference: as long as 1.0356 is support look for 1.0449.
Alternative scenario: below 1.0356, expect 1.0327 and 1.0311.
Comment: the RSI is above 50. The MACD is below its signal line and positive. The pair could retrace. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 1.0365 and 1.0328).
Supports and resistances:
1.0483 **
1.0466 *
1.0449 **
1.0432
1.0379 last
1.0367
1.0356 **
1.0327 *
1.0311 **
Head of Research at TRADING CENTRAL: Rémy GAUSSENS
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Written on 01-06-2025 at 16:24 UTC+1
Price reference: 1.0379 last known on 01-06-2025 at 16:24 UTC+1
Investment horizon: INTRADAY
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