1.0364 is our pivot point.
Our preference: as long as 1.0364 is support look for 1.0440.
Alternative scenario: the downside breakout of 1.0364 would call for 1.0335 and 1.0319.
Comment: the RSI is above its neutrality area at 50. The MACD is below its signal line and positive. The pair could retrace. Moreover, the price is below its 20 period moving average (1.0396) but above its 50 period moving average (1.0349).
Supports and resistances:
1.0473 **
1.0457 *
1.0440 **
1.0423
1.0387 last
1.0375
1.0364 **
1.0335 *
1.0319 **
Head of Research at TRADING CENTRAL: Rémy GAUSSENS
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Written on 01-06-2025 at 21:44 UTC+1
Price reference: 1.0387 last known on 01-06-2025 at 21:44 UTC+1
Investment horizon: INTRADAY
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