Our pivot point stands at 1.2318.
Our preference: rebound towards 1.2421.
Alternative scenario: below 1.2318, expect 1.2283 and 1.2262.
Comment: the RSI is below 50. The MACD is negative and above its signal line. The configuration is mixed. Moreover, the price stands below its 20 and 50 period moving average (respectively at 1.2373 and 1.2438).
Supports and resistances:
1.2463 **
1.2442 *
1.2421 **
1.2400
1.2356 last
1.2332
1.2318 **
1.2283 *
1.2262 **
Head of Research at TRADING CENTRAL: Rémy GAUSSENS
TRADING CENTRAL is governed by the Code of Conduct of ANACOFI-CIF, an association approved by the Autorité des Marchés Financiers and registered with ORIAS under number 17005458.
Written on 01-08-2025 at 19:21 UTC+1
Price reference: 1.2356 last known on 01-08-2025 at 19:21 UTC+1
Investment horizon: INTRADAY
TRADING CENTRAL recommends reading the legal and regulatory information as well as the warnings concerning the information provided accessible from the following link : https://global.tradingcentral.com/www/pdf/terms_of_use_web_sites_en.pdf