Pivot: 1.2510
Our preference: short positions below 1.2510 with targets at 1.2450 & 1.2430 in extension.
Alternative scenario: above 1.2510 look for further upside with 1.2540 & 1.2570 as targets.
Comment: as long as 1.2510 is resistance, look for choppy price action with a bearish bias.
Supports and resistances:
1.2570
1.2540
1.2510
1.2485 Last
1.2450
1.2430
1.2410
Head of Research at TRADING CENTRAL: Rémy GAUSSENS
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Written on 01-08-2025 at 06:40 UTC+1
Price reference: 1.2485 last known on 01-08-2025 at 06:40 UTC+1
Investment horizon: INTRADAY
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