Our pivot point stands at 1.0272.
Our preference: rebound towards 1.0354.
Alternative scenario: the downside breakout of 1.0272 would call for 1.0244 and 1.0227.
Comment: the RSI is below 50. The MACD is above its signal line and negative. The configuration is mixed. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 1.0313 and 1.0337).
Supports and resistances:
1.0388 **
1.0371 *
1.0354 **
1.0337
1.0299 last
1.0284
1.0272 **
1.0244 *
1.0227 **
Head of Research at TRADING CENTRAL: Rémy GAUSSENS
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Written on 01-08-2025 at 16:50 UTC+1
Price reference: 1.0299 last known on 01-08-2025 at 16:50 UTC+1
Investment horizon: INTRADAY
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