Our pivot point stands at 1.0403.
Our preference: the downside prevails as long as 1.0403 is resistance.
Alternative scenario: above 1.0403, look for 1.0432 and 1.0449.
Comment: the RSI is below 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the price stands below its 20 and 50 period moving average (respectively at 1.0405 and 1.0395). Finally, the EUR/USD has penetrated its lower Bollinger band (1.0370).
Supports and resistances:
1.0449 **
1.0432 *
1.0403 **
1.0392
1.0360 last
1.0323
1.0306 **
1.0289 *
1.0272 **
Head of Research at TRADING CENTRAL: Rémy GAUSSENS
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Written on 01-07-2025 at 16:46 UTC+1
Price reference: 1.0360 last known on 01-07-2025 at 16:46 UTC+1
Investment horizon: INTRADAY
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